Registered Charity.. 1112215
THE MACLAREN FOUNDATION
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
INDEX
Page1-2
TIu51ees' Annual Report
Trustees, Responsibilities
Independent Auditor's Report
Statement of Financial Activities
Balance Sheet
Notes lo the Financial Sl8lemenls
9-16

THE MACLAREN FOUNDATION
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025
Govemlng Document
The Maclaren FoLJndation Ithe 'Foundation'l is governed by a trust deed dated 8 July 2005 (thè "Foundation
deed,) and is a reg151ered charity, Number 1112215.
Trusteos
The Trustees for the period under review to the dale of signing the financial statements were..
WG S Massey KC, MA
J Sfakianakis PhD"
MWDLiltte
Chairman
Governor of Surnmer Fields School Tiusl Llmlled
Principal address
Mayfield Road
Oxford
OX2 7EN
Objectives of the Foundation
The Foundation was established as a charitable trust in July 2005 to provide lor the advancement of education
at the school of Summer Fields School Trust Limited (Charity nurnb8r 3096831 Ilhe "School'l so long as the
School, in Ihe opinion ol Ihe Trustees, is conducled independently of the Slate and of any loo81 or public authority.
The Foundation's principal object is lo establish and build a permanent endowment fund lo provide bursaries
and scholarships at the School for able boys whose parents would not otherwise be able tts afford the fees. On
ils formation in 2005 the Foundation received the trusl fund of the Maclaren Trust (Charity No 10207571 by way
of addition lo its charitable funds to hold on the trusts of Ihe Foundation deed.
Policles of the Foundation
The Trustees are empowered through the Foundalion deed to apply income (including interest 8ainod}
towards scholarships and buisaries Ifoi boys selecled by the Trustees in conjunction with the Headrnaslerl
and lo make other awards of income or capital foi the benefit of those at the School.
Tru5tè• recruitment and training
The Governors of the S¢hool have the power to appoinl repla￿ment or additional Tru51ees ol the Foundallon.
Such appointments would usually be discussed b8lweèn th6 Chairman ol the Governors lor as delegated by
him) and the Chairman of the Foundation lor 85 delegated by himl. wrth dLJe consideration being given to the
skills of the existing Trustees and the requisite skills.
Trustees are encouraged lo allend ￿nferenCeS and seminars, details of which are Circulaled by the Clerk lo
the Foundation from time lo lime.
Application of funds and financlal rèvlew
The Foundation's principal funding souic8s ar& charitable donations from former pupils of the School {andlor
their parenls), together with interest and other income earned on its funds.
In the year, the Foundation rèceived income totalling £141,572 12024.. £414,416) and made scholarship and
bursary awards lolalling £129,19812024.' £94,421) in furtherance of the Foundation's objectives.

THE MACLAREN FOUNDATION
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025
Icontinuedl
Rèvlew of activities and achievements
In the financial yèar ended 31 Augusl 2025 donations and gift aid wa the School'5 Annu31 Fund amounled to
£18,84012024.. £233.2111 and £5,20512024.' £53,141) in support of the Scholarship Programme dir&¢tly Inol via
the Annual Fund}- a lolal of £24,04512024.' £286.3521.
The Foundation celebrated its 20th anniversary during the financial year. The Tiuslees would lik¢ lo thank the
many donois who have supported the Foundalion over the 20 years since ils formation, enabling the Foundation
lo provide funding lor the education 81 the School of boys whose parents could not otherwise attord the lees and
to build the endowment for the benefit ol an incieasing proportion of boys. In the short film Soaring Futures.
current and former Maclaren scholars, several of whom have now been Ihiough university and started their
working live5, diswssed whatthey had gained from their lime al the School. The Trustees gratefully acknowledge
that the Maclaren scholars Ihemselv$s are the best ambassadors for the Foundation and for furthering the
fulfilmenl of its vision.
Over the past 10 ygars thg Foundation has made awards for Maclaren scholaiship5 and bLJrsaries lolalling
£806,011.
Public beneflt
The Trustees confirm that they havè complied with their duty in Section 17 of the Charities Act 201110 have due
regard lo public benefrt guidan¢e by the Charity Commission for England and Wales.
Reserves policy
The Trustees, policy Is lo bulld fLJrids given by donors as expendable endowrnent for the purpose of maklng
annual grants in fulfilmenl of the Foundation's objects. Grants in respect ol individual pupils usually cover a
number of years (based on ￿rtaIn criterial. 11 is therefore possible that in any one yéar there may not be enough
endowment income to pay these grants in full. If this were lo occui, the Trustees would rèview the situation and
consider all their options, including the possibility of releasing some capital value from the expendable
endowment funds.
The Foundation has an Investments Policy which is reviewed every year.
At 31 August 2025. the endowed ftjnds stood al £4,202.72312024 £3.817,2221
Volunteers and other support
The Chairman would like lo thank all those who voluntarity give so much of their lime lo support the work of thè
Foundation.
The Trusteès would also like to Ihankthe Headmasler. Finance Director, and Dévèlopm6nt Director olthe School
for all their assistance.
Approved by the Board of Trustees of The Maclaren Found81ion on lo rf•*6L l£•l£ and signed on ils
behalf by..
W Massey Ichairmanl

THE MACLAREN FOUNDATION
STATEMENT OF TRUSTEES, RESPONSIBILITIES
ACCOUNTING AND REPORTING RESPONS5BILITIES
The Trustees are responsible for preparing the Annual TFUStees' Report and the financial statements in
accordance with applicable law and United Kingdorn Generally Accepted Accounting Practice (United Kingdom
Accounting Slandardsl.
The law applicable lo charities in England and Wales requires the Tru5t8è5 to prepare financial slatemenls for
each finall¢ial year which give a true and fair view of the stale of affairs of the Charity and of the incoming
resources and application of iesources of the Charily for that period. In preparing these financial slalements,
the Trustees are required to..
select suitable accounting policies and then appty them ¢onsistèntly',
observe the methods and piin¢iples in the Charities SORP.,
make judgments and eslirnales that are reasonable and prudent;
stale whether applicable accounting standards have been followed. subject lo any maleiial departures
disclosed and expl8ined in the financial statements.,
prepare the financi81 slalemenls on the going concern basis unless it is inappropriate lo presume that the
charily will continue in business.
The Trustees are responsible lor keeping adequate accounting records that are sufficient lo show and explain
the Charity's transactions, disclose with reasonabl8 aecuracy at any time the financial position ol the Charity
and ènable them to ensure that the financial sl8letnent5 comply with the Charities Act 2011, the Charities
(Accounts and Reports) Regulations 2008 and the provisions of the Gharily'5 conslilulion. They are also
responsible for safeguarding the 8ssels of the Charity and hence for laking reasonable steps foi the prevèntion
and detection of fraud and other irregulaiilies.
Approved and authorised for issue by the Board of Trustees of The Maclaien Foundation on
and signed on ils behalf by".
10 1026
W Massey IChaim)anl

INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE MACLAREN FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025
Opinion
We have audited the finana81 $t8lemenls of The Maclaren Foundation for the year ended 31 August 2025
which comprise the Statement ol Financial Activitie5, the Balance Sheet and notè5 to the financial statements,
including significant accounting policies. The financial reporting framewoik that has been appli&d in théir
pieparalion is applieable law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Praclicel.
In our opinion the financial slalern8nls'.
give a true and fair view of the slate of the charity's affairs as al 31 August 2025 and of ils income and
expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accèpted Accounting Practi￿..
and
have been prepared in accordance with the requirements of the Charilies Act 2011.
Basls for oplnlon
We conducted our audit in accoidance with Inleinalional St8ndaids on Auditing IUKI IISAS {UKII and
applicable law. Our responsibilities under those standards are further described in Ihe Auditor's r8sponsibililiÉs
foi the audit ol the financial statements section of our report. We are independent ol the charity in accordance
with the elhical requiiemenls that are relevant lo our audit ol the financial slalemenls in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in aceordance with these
requirements. We believe Ihat the audit evidence we have obtained Is sufficient and appropriate lo provide a
basi5 for our opinion.
Conclusion¥ relating to going concern
In auditing Ihe finan¢ial slalements. we have concluded that the Irustees. use of the going concein basis ol
accounting in the preparation of the financial statemènts is appropriate.
Based on the work we have performed, we have not identified any rnaterial uncertainties relating lo events 01
conditions that, individually or collectively. rnay ¢asl signifie3nl doubt on the charily's ability to continue as a
going concern for a period ol al least twelvfy months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilib.es of the trustèès with rèspèct to going concern are described in the
relevant sections of this report.
Other infomiation
The trustees are responsible for the other information Contained within the annual report. The other informalion
comprises the informalion induded in the annual ieport, othèr than the financial slatemerils and our auditor's
rèport Ihereon. Our opinion on the financial slalemenls does not cover the other infoirnation and, except to the
exlenl otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon.
Our responsibility Is lo read the other information and, in doing so, consider whether the olhei infoirnalion is
rnaleiially incon51slenl with the financial statements or our knowledge obtained in the audit or otherwise
appears to be materially misslaled. If we identify such material inconsistencies or apparent material
misstalemenls, we are required lo determine whether this givès rise to a material misstatement in the financial
statements themselves. If, based on the work we have perfomed, we ¢on¢lude that there is a material
misslalèmènl ol this other information, we are required lo report that fact.
We have nothing to report in this regard.

INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE MACLAREN FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025
ICONTINUEDI
Matters on which we are required to report by exception
We have nothing lo report in respèct of thè following matters in relation to which the Charibes (Accounts and
Reports) Regulations 2W8 requires us lo report lo you if. in Qui opinion..
the information given in the financi81 statements is Inconsistent in any m8lerial respèct with the trustees,
report., or
sufficient and proper accounting records have not been kept by the charity.. or
thè financial statements are not in agreement with the accounting records and returns,. or
we have not recéived all the information and explanations we require for our aLtdit.
Rèsponsibilities of trustees
As explained more ful￿ in the trustees, responslbililies st81emenl sel out on page 3, the trustees are
responsible for the preparation of the financial stalernenls and foi being satisfied that they give 8 Iiue and fair
view, and for such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free Iitstn material miss18lement, whether due to fraud or error.
In preparing the financial statemenls, the trustees are responsible for assessing the charity's ability lo conliriue
as a going concern, disc105ing. as applieable, matters related to going concern and using the going concern
basis of accounting unless the Iruslees eilhei intend lo liquidate the charity or lo cease operalk)ns, or hav& no
realistie allernalive but to do so.
Auditor's responsibilities for the audit of the financial ststements
We have been appointed as auditor under section 151 of the GharSties Act 2011, and report in accordance with
the A¢ts and relevant regulations made or having effect Ihereunder.
Our objectives are to oblain reasonable assurance 8boul whether the financi81 slalemenls 8$ a whole are free
from material misstatemenl, whether due to fraud or error. and lo issue an auditor's report that includes our
opinion. Reasonable assurance is a high level ol assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be
expeeted to influence the economic decisions of users taken on the basis of these finan¢i81 slalemenls.
Details of the extent to which the audit was considered capable of delecling itregul8rilies, including fr8ud and
non-cc>mpliancè with laws and regulations are sel out below.
A further description ol our responsibilities for the audit of the financial s18lemenls is loealed on the Financial
Reporting Counul's website al.. www.frc.org.uklaudilorsresponsibililies. This description forms part of our
audilorfs report.
Extènt to whlch the audit was considered capable of detecting irregularities, including fraud
Irr6gularities, including fraud, are instances of non-compliance with laws and regulations. Vve identified and
assessed the risks ol material misstalement of the financial slalernenls from iiregularilies, whether due lo fraud
or error. and discusstrd these between our audil leam members. We then designed and performed audit
procedures responsive lo those risks. including obtaining audil evidence sufficient and appropriate to provide
basis for our opinion.
We obtained an understanding of the legal and regulatory frameworks wilhin which the charity operates,
focusing on Ihose laws and regulations that have a direct effect on the deleiminalion ol material amounts and
disdosures in the financial statements. The laws and regulations we considered in this context weie the
Charities Acl 2011 together with ihe Charities SORP IFRS 1021. We assessed the required compliance with
these laws and iegulalions as part of our audit prO￿dureS on the related financial statement ilems.

## **INDEPENDENT AUDITOR'S REPORT** 

## **TO THE TRUSTEES OF THE MACLAREN FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025 (CONTINUED)** 

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity for fraud. The laws and regulations we considered in this context for the UK operations was taxation legislation. 

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. 

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the override of controls by management. Our audit procedures to respond to these risks included enquiries of management and the Maclaren Foundation Trustees about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance. 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. 

## **Use of our report** 

This report is made solely to the charity's trustees, as a body, in accordance with Part[4 ] of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 


## **Crowe U.K. LLP** 

Statutory Auditor 4[th ] Floor St James House St James' Square Cheltenham GL50 3PR 

Date: 13 March 2026 

> Crowe U.K. LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 

6 



THE MACLAREN FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted
Funds
Restricted Endowed Totsl Fund
Funds
Funds
202S
Total Fund
2024
Note
INCOME AND ENDOVVMENTS
FROM..
Voluntsry Sourc8s:
Donations
24,045
24,045
286,352
Investments:
Investment incorne
16
117 511
117 527
128 064
TOTAL INCOME
16
117,511
24,045
141.572
414,416
EXPENDITURE ON..
Charrfcable expenditure
74
129 226
152 130
114 279
TOTAL EXPENDITURE
129 226
152 130
114279
NET IEXPENDITUREII INCOME
FOR THE YEAR
1581
111,7151
1.215
110,5581
300, 137
Nel gain on inveslmenls
384,286
384,286
260,488
Transfers between fund8
Net movement In fund$
1581
111.7151
385,501
373,728
560,625
BALANCES BROUGHT
FORWARD at 7 Seplember2024
82
98,401 3.817.222
3,915,705
3,355,080
BALANCES CARRIED
FORWARD at 31 August 2025
The notes on pages 9 to 16 ft)m part of thèse Financial Slatements.

THE MACLAREN FOUNDATION
BALANCE SHEET AS AT 31 AUGUST 2025
Note
2024
FIXED ASSETS
Fix6d asset investments
4,176,018
3,700,589
CURRENT ASSETS
Debtors
Cash al bank and on deposit
22,265
83.118
117,165
215, 116
CREDITORS.. AMOUNTS FALLING
DUE WITHIN ONE YEAR
NET CURRENT ASSETS
11341S
NET ASSETS
REPRESENTED BY
Expendable endowed fund
ResliiGted fund
Unrestricted fund
4,202.723
86,686
24
3.817,222
98,401
82
8B
8C
TOTAL FUNDS
The notes on pages 9 tts 16 form part of these Financial Slal$m&nls.
These Financial Statements have been 8pprc>ved and authorised for issue by the Trustees on
lo rlrtfcL 20
Signed on behalf of the Trustees
W Massey (Chairman)

THE MACLAREN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
ACCOUNTING POLICIES
The following accounting policies have been used consislenlly in dealing with itèms which a
considered material in relation to the Financial Stalemenls..
al CHARITY INFORMATION
The Maclaren Foundalion is a registered charity wilh the Charities ComrnissK)n England and Walès
(eharity number 11122151. The address of the registered Offi￿ is Summer Fiek15 School, Mayfield
Road. Oxford OX2 7EN.
bl BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have bèèn prèparèd under thè historical cost convention.
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordancewilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021- (Charities SORP IFRS 10211 and the Financial Reporting Standard applieabl& in the UK and
Republic of Ireland IFRS 1021.
The Maclaren Foundation meets the definition ol a public benefit entity under FRS 102.
Cash Flow Slatement
As the results of the charity are included within the financial statements of the parent, Survmer Fields
School Tiusl Litniled. the charity has taken advantage of the FRS 102 exemplion from preparing ils
own cash flow statement.
The functional currency of the charity is considered to be GBP because that is the cuiiency of th8
primary economi¢ environment In which the s¢hool operates.
cl GOING CONCERN
The Tiustees have undertaken detailed planning and forecasting and continue lo closely monitor
the economic situation, in particular the oonlinued Cost of living pressure, including high inflation,
compounded by VAT now being payable on school fees. Despite the currènt circumstances the
Trkjstees believe that the Charity's financial resources and contingency planning is sufficient lo
ensure the abilily of th@ Charity to continue as a going concern for the foreseeable future, being al
least twelve months from the dale of approval of thès8 linaneial statements and therefore have
prepared the financial slalemenls on a going wncern basis.
dl INCOME
Donations are accounted for in the Slalemenl of Fin8n¢ial A¢tivilies on a rècèivable basis.
Income from investments is included in the Statement of FinanThal Activities only if recewed, or if
declared and recèivable.
el EXPENDITURE
Expenditure is induded in the Statement of Financial Activities on an accruals basis. The provision
ol bursaries and scholarshlps lo pupils of Summer Fields School is included under Charitable
Expenditure.

THE MACLAREN FOUNDATION
NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
fj INVESTMENTS
Investments are valued al market value at Ihe Balan￿ Sheet dale. Gains or losses arising on
re8lisalion or revaluation are rèflected in the fund towhich the investments relale and are recognised
in the Stalernenl ol Financial Activities.
gl FUND ACCOUNTING
EndowtneFrt fund5 represent the expendablo endowment of the Charity.
Restricted funds are to be used for specified purposes laid down by the donor.
Unie51ricled funds are donations and othèi ineoming résourc8s r&caived or generaled for
expenditure on the general objectives ol the Charity.
h) RECOGNITION OF LIABILITIES
Liabilities are recognised once there is a legal or conslruclNe obligation that cornmlls the Charlly lo
th& obligation.
i) JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION
UNCERTAINTY
E51imales and judgernenls are continually evaluated and are based on historical experience and
other factors, including expectations of future events that are believed lo be ieasonable undei the
circumslances.
In the view of the Tiuslees. no assumptions Concerning the future or estimation Ljncertainly affeoting
assets and liabilities al the BalanGe Sheel dale are likely lo resull in a m3t6rial adjustmènt to their
carrying amounts in the next financial year.
j) FINANc￿L INSTRUMENTS
Basic financial instruments are initially recognised al transaction value and subsequently measured
at amortised cost with the exception of investments which are held al lair value. Financial assets
held al atnortised cost comprise cash at bank and in hand together with amounts due to connected
enlilies and a¢￿Ued incorne.
ADMINISTRATION OF THE CHARITY I FUNDRAISING COSTS
The expenditure for the adminislralion and goveinance ofthe Ch8ri1y 8nd fundr8islng, includSng audilorfs
remunèration of £2,910 (2024.. £2, 780), are borne by Summer Fields School Trust Limited.
TRUSTEES, REMUNERATION AND EXPENSES
The Trusleos received no remLJneration or refLJnd for expenses during the year (2024.. nil).
There were no persons directly employed by the Gharily during the year (2024., nil),
10

THE MACLAREN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
CHARITABLE EXPENDITURE
2025
2024
Grants and awards
Investment management fees
Bank charges
Total
129,198
22,830
102
94,421
79,750
108
FIXED ASSET INVESTMENTS
2025
2024
Maikel value al 1 Seplember 2024
Purchases
Disposal proceeds
Nel gains on investments
Maikel value at 31 August 2025
Historical cost al 31 Augus12025
3,700,589
1,001,736
1910,5941
384,286
3, 190,845
962,663
(713,407)
260,488
DEBTORS
2025
2024
Amounts due from ctrnnected parties
Prepayments and accrued Incom$
16,291
77,678
CREDITORS
2025
2024
Amounts due lo connected parti&s

THE MACLAREN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
FUNDS OF THE CHARITY
8A. ENDOWED FUNDS: MOVEMENTS IN THE YEAR
Bal0￿ce at Incom8
I September
2024
Expènditure Investment Balance at
Gains
31 August
2025
Endowmènt funds
Maclaren Awaids
Maclaren Awards
The funds are held as expendable endowment, the income ￿te1Ved on the funds will be provided as
bursaries and scholarships at Summer Fields for able boys whose parents would nol otherwise be able lo
afford the fee5.
8B. RESTRICTED FUNDS.. MOVEMENTS IN THE YEAR
Balanc& al
q September
2024
Incom•
Expenditure
Balance at
31 August
2025
Restricted funds
Endowed income- Awards
Et)dowment Income
This fund represents monles eamed on the endowed funds of the Foundation which are avallable lo fund
bursaries and scholarships as deleimined by Ihe Tiust8és.
8C. UNRESTRICTED FUNDS.. MOVEMENTS IN THE YEAR
Balanee al
I September
2024
Income
Expenditure
Balance at
31 Augu$t
2025
Unrestricted funds
General ￿serve
General Reserve
These funds are held for the general purposes of the Charity.
12

THE MACLAREN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
NET ASSETS OF THE FUNDS OF THE CHARITY
The Gh8ri1ls nel assets belong to the various funds as folltsws..
Fixed
Assets
Net Current
Assets
Fund
Balances
Endowment funds
4,176.018
26,705
4.202,723
Restricted funds
86,686
86,686
Unrestricted funds
24
24
10. RELATED PARTY TRANSACTIONS
Awards of £129,198 (2024., £94,421) were provided for the edueation of boys at Summer Fields Sehool
Trust Limited in the yeai. an associated charity Ichaiily number 309683, ¢ompany numbor 005532431 with
effective control ol the Foundab'on.
During the year donations were rs¢e5ved from School Gov&mors and TrLJsl¢¢s of The Maelaren Foundation
Trustees of £nil (2C124.. £1,000), Al the year end, a balance due frorn the School of £16.291 was included
in debtors12024.' £77,618).
11. FINANCIAL INSTRUMENTS
2025
2024
Finan¢ial Assets
Financial assets measured al fair value
4 176018
3 700 589
Financial assets held at fair value include quoted assets held as investments.
13

THE MACLAREN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S
12. STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
Unrèstrlctèd
Funds
Rostricted Endowed Totsl Fun
Funds
Funds
2024
INCOME AND ENDOWMENTS
FROM:
Voluntsry Sources:
Donations
286,352
286,352
Inv•stmonts'.
Investment income
128 062
128064
TOTAL INCOME
128,062
286.352
414,416
EXPENDITURE ON:
Charitable expenditure
74
114 279
TOTAL EXPENDITURE
74
114279
NET IEXPENDITUREII INCOME
FOR THE Y&4R
1721
33,607
266,602
300,137
Nel gain I11(>551 on invè51menls
260,488
260,488
Transfers between funds
100
100
Net movement in fund
28
33.507
527.090
560,625
BALANCES BROUGHT
FORWARD al I September 2Q23
54
64.894 3,290,132
3.355,080
BALANCES CARRIED
FORWARD at 31 August 2024
All incoming résouie85 and résourcès èxpended aré dèiivèd from continuing aclivilies.
14

THE MACLAREN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
13. FUNDS OF THE CHARITY YEAR ENDED 31 AUGUST 2024
13A. ENDOWED FUNDS: MOVEMENTS IN THE YEAR ENDED 31 AUGUST 2024
8al8nce al Income
I September
2023
Expenditure Investment Transfèrs Balance at
Gains
31 August
2024
Endowment funds
Madaren Awards
Maclaren Awards
The fund5 are held as expendable endowment, the income received on the funds will bè provided as
bursaries and scholarships at Summer Fields for able boys whose parènts would not olhetwise be able lo
afford the fe8s.
13B. RESTRICTED FUNDS: MOVEMENTS IN THE YEAR ENDED 31 AUGUST 2024
Balance al
q September
2023
Income
Expendlturè
Transfèrs
Balance at
31 August
2024
Restricted funds
Endowed income - Awards
Endowment Income
This fund represents monyes eamed on the endowed funds of the Foundalion which are availaNe lo fund
bursaiies and scholarships as deleimined by the Trustees.
13C. UNRESTRICTED FUNDS.. MOVEMENTS IN THE YEAR 31 AUGUST 2024
B818noe at
1 September
2023
Balance at
31 August
2024
Income
Expenditure
Transfers
Unrestricted funds
General reserve
G•nèral Re$erve
These funds are held for the general purposes of the Charity.
15

THE MACL4REN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
13D. NET ASSETS OF THE FUNDS OF THE CHARITY AT 31 AUGUST 2024
The Charity's nel assets belong lo the various funds as follows..
Fixed
Assets
Net Current
Assets
Fund
Balances
Endowm&nt funds
3,700.589
116.833
3,817,222
Restricted funds
98A01
98.401
Unrestricted funds
82
82
16