2022-06-30-accounts

DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

Company Registration Number - 06269081

The Charity Registration Number is :- 1120970

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Report and Accounts

30 June 2022

DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Report and accounts for the year ended 30 June 2022

Contents

	Page
Charity information		1
Trustees' Annual Report		1
Statement of directors' responsibilities		7
Independent Accountant's Report		9
Funds Statements:-
Statement of Financial Activities		12
Statement of Financial Activities - Prior Year statement		13
Statement of total recognised gains and losses		13
Movements in funds		14
Revenue Funds		15
Income and Expenditure account		16
Summary of funds		15
Balance sheet		17
Notes to the accounts		19

DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Company Registration Number - 06269081

Trustees' Annual Report for the year ended 30 June 2022

The Trustees present their Report and Accounts for the year ended 30 June 2022, which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The charity name.

The legal name of the charity is:- KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION.

The charity is also known by its operating name, KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1120970.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

Knightsbridge School 67 Pont Street, London SW1X 0BD Telephone [phone]

Email Address [e-mail] Web address http://www.ksfoundation.org/

The registered office of the charity for Companies Act purposes is the same as the operating address shown above.

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Company Registration Number - 06269081

Trustees' Annual Report for the year ended 30 June 2022

The Trustees in office on the date the report was approved were:-

Dominic Clive

Christiane Elsenbach Eilene Davidson Grayken Matthew Jordan Caroline Cartellieri Karlsen Claudia Nahrath Valentina Pan

The following persons served as Trustees during the year ended 30 June 2022 :-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

Name	Appointed		Resigned
Dominic Clive		19/06/2019
Christiane Elsenbach		28/05/2015
Eilene Davidson Grayken		22/02/2022
Matthew Jordan		15/01/2014
Caroline Cartellieri Karlsen		18/06/2018
Claudia Nahrath		04/04/2019
Valentina Pan		13/05/2013

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

Established in 2007, Knightsbridge School Education Foundation (KSEF) is a registered charity which works closely with but entirely independent of Knightsbridge School (KS).

The Foundation’s objectives are the furtherance of education through KS and to promote such other activities connected to the advancement of education which are charitable.

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Company Registration Number - 06269081

Trustees' Annual Report for the year ended 30 June 2022

The main activities undertaken in relation to those purposes during the year.

Developing and supporting the use of the resources and facilities of Knightsbridge School for the benefit of the community. Working in cooperation with local state primary schools on joint projects.

Fund raising for the purpose of providing scholarships and bursaries to talented pupils whose family financial circumstances would not otherwise enable them to attend fee-paying private schools.

Assist in the building and development of further facilities at the School’s site and to assist with the procurement, development and use of ancillary facilities for sporting, artistic and other creative events for the benefit of the community generally.

The main activities undertaken during the year to further the charity's purpose for

the public benefit.

The Foundation will focus on promoting the personal development and education of people in the wider community. We will periodically review our activities to ensure we respond to the evolving nature of current needs.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The main achievements and performance of the charity during the year.

The total number of children who receive or have received support from KSEF has jumped to 25.

For the third year in a row, we have had an unprecedented number of applications for our Bursary Programme. As in the previous year, the academic level of the students was high and it was not easy to assign the KSEF awards. Whilst in the past we have typically offered 2 places, however, last year we awarded 4 places (with 100% support of fees), and all offers have been accepted.

Four new students will start their new educational journey at KS in September 2022, taking the total number of bursaries currently at KS to 11. In the new academic year, we are planning to maintain our offer of 4 free places to start in September 2023.

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Company Registration Number - 06269081

Trustees' Annual Report for the year ended 30 June 2022

The difference the charity's performance during the year has made to the beneficiaries of the charity.

Since its inception, KSEF has raised over £1,800,000. After the Covid restrictions lifted we were able to hold as per previous years a major KSEF Fund Raising event. The event was arranged in the Tower of London in October 2021. We managed to raise over 100,000 GBP (103,240 GBP). In addition we have received a substantial donation from the KSPA (Knightsbridge School Parent Association) as well as several very generous gifts from parents who attended the KS Street Party in May 2022 for which we are immensely grateful.

The degree to which the achievements and performance during the year have benefited wider society.

Broadening educational experiences for children in the local community remains a central part of the work of the Foundation. We have continued to work and strengthen the relationship with 2 local maintained primary schools, Ashburnham Community School and Marlborough Primary School, both a short walk from KS.

Marlborough was looking for help to fund a school trip as well as a school team kit. KSEF’s support with the school trip has allowed them to take all pupils, including new families from Afghanistan and those on the Free School Meal Register, to participate to the week-long school trip. The new team kits, also for their new families from Afghanistan, have helped to develop confidence, self-esteem, motivation to join in and work hard as well as to represent the teams. Both projects have helped to promote good mental health and wellbeing, improved health and fitness, developed resilience and perseverance and increased the children sense of belonging to the school. We are in the process of discussing what priorities Marlborough has for 2022/2023.

At Ashburnham the priority is to make sure that every pupil, family member and member of staff have the right support for their mental health. Life is tough right now and supporting young people and those adults living and working with them has never been more important. KSEF is funding a 2-year programme, starting in September 2022, with West London Zone https://www.westlondonzone.org, a charity that helps children and young people build the relationships and skills they need to get on track socially, emotionally and academically, in order to thrive in adulthood. WLZ will provide specialist support to 40 children and will join up each child’s support system, including families, schools and local organisations, to deliver a personalised 2-year support plan for each child.

Both schools are incredibly grateful for KSEF continued support as this will make a huge difference to their children’s learning and to the overall well-being of their enlarged community.

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Company Registration Number - 06269081

Trustees' Annual Report for the year ended 30 June 2022

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The Board may appoint any person who is able and willing to act as a new or additional Trustee and each Trustee shall, upon appointment as a Trustee, consent to become a Member of the Charity and sign and have his name entered in the Register of Members.

Bankers Weatherbys Ltd, 52-60 Sanders Road, Northamptonshire, NN8 4BX Bankers Lloyds Bank PLC, 25 Gresham Street, London EC2V 7HN Bankers Barclays Bank PLC, 1 Churchill Place, London E14 5HP

Financial review

The charity's financial position at the end of the year ended 30 June 2022

The financial position of the charity at 30 June 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Restricted Revenue Funds Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income	2022 £ 41,861 947,139 120,768 1,067,907	2021 £ 145,915
		781,793 244,253
		1,026,046

Financial review of the position at the reporting date, 30 June 2022 .

The trustees consider the financial performance by the charity during the year to have been satisfactory.

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Company Registration Number - 06269081

Trustees' Annual Report for the year ended 30 June 2022

Policies on reserves.

The Foundation's reserves policy is to maintain sufficient unrestricted income reserves to enable it to meet its short-term financial obligations in the event of an unexpected revenue shortfall. The reserves policy is monitored on a regular basis during the trustees meetings with the charity achieving its target for the year ended 30 June 2022.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Details of The Independent Examiner

Christos Liondaris

Member of Association of Certifed Public Accountants

Coach House Bellevue Road Friern Barnet N11 3NY

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Company Registration Number - 06269081

Trustees' Annual Report for the year ended 30 June 2022

Statement of the Directors Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

• to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

• select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;

• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Company Registration Number - 06269081

Trustees' Annual Report for the year ended 30 June 2022

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 12 to 30.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 17 March 2023.

MRS CHRISTIANE ELSENBACH

Director and Trustee

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 30 June 2022

I report to the Trustees on my examination of the financial statements of the charitable company on pages 12 to 30 for the year ended 30 June 2022 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 19.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 7, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

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 financial statements to be reached.

Signed:-

Christos Liondaris - Independent Examiner

Association of Certifed Public Accountants

Coach House Bellevue Road Friern Barnet N11 3NY

This report was signed on 17 March 2023

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION - Statement of Financial Activities for the year ended 30 June 2022

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 30 June 2022, as required by the Companies Act 2006)

Current year Unrestricted Funds 2022 £ Income & Endowments from: Donations & Legacies A1 213,298 Investments A4 1,993 Total income A 215,291 Expenditure on: Raising funds B1 29,684 Charitable activities B2 14,254 Other B3 6,007 Total expenditure B 49,945 Net income for the year 165,346 Net income after transfers A-B-C 165,346 165,346 Reconciliation of funds:- E Total funds brought forward 781,793 Total funds carried forward 947,139 SORP Ref Net movement in funds	Current year Restricted Funds 2022 £ - - - - 123,485 - 123,485 (123,485) (123,485) (123,485) 244,253 120,768	Current year Total Funds 2022 £ 213,298 1,993 215,291 29,684 137,739 6,007 173,430 41,861 41,861 41,861 1,026,046 1,067,907	Prior Year Total Funds 2021 £ 225,485 -
			225,485
			666 73,428 5,476
			79,570
			145,915
			145,915
			145,915 880,131
			1,026,046

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 19 to 30 form an integral part of these accounts.

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION - Statement of Financial Activities for the year ended 30 June 2022

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Other trading activities A3 Investments A4 Other A5 Total income A Expenditure on: Raising funds B1 Charitable activities B2 Other B3 Tax on surplus on ordinary activitie B3 Other taxation B3 Total expenditure B B4 Net income for the year Transfers between funds C Net income after transfers Reconciliation of funds:- E Total funds brought forward Total funds carried forward Net movement in funds SORP Ref Net gains on investments	Prior Year Unrestricted Funds 2021 £ 225,485 - - - - 225,485 666 28,240 5,476 - - 34,382 - 191,103 - 191,103 191,103 593,121 784,224	Prior Year Restricted Funds 2021 £ - - - - - - - - 45,188 - - - - 45,188 - (45,188) - (45,188) (45,188) 287,010 241,822	Prior Year Total Funds 2021 £ 225,485 - - - - 225,485 666 73,428 5,476 - - 79,570 - 145,915 - 145,915 145,915 880,131
			1,026,046

All activities derive from continuing operations

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'

The notes attached on pages 19 to 30 form an integral part of these accounts.

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION - Statement of Financial Activities for the year ended 30 June 2022

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION - Resources applied in the year ended 30 June 2022 towards fixed assets for Charity use:-

ended 30 June 2022 towards fixed assets for Charity use:-
Funds generated in the year as detailed in the SOFA Net resources available to fund charitable activities	2022 £ 41,861 41,861	2021 £ 145,915
		145,915

The notes attached on pages 19 to 30 form an integral part of these accounts.

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION - Statement of Financial Activities for the year ended 30 June 2022

Movements in revenue and capital funds for the year ended 30 June 2022

Revenue accumulated funds

Unrestricted Funds 2022 £ Accumulated funds brought forward 781,793 165,346 947,139 Closing revenue funds 947,139 Summary of funds Unrestricted and Designated funds 2022 £ Revenue accumulated funds 947,139 Recognised gains and losses before transfers	Restricted Funds 2022 £ 244,253 (123,485) 120,768 120,768 Restricted Funds 2022 £ 120,768	Total Funds 2022 £ 1,026,046 41,861 1,067,907 1,067,907 Total Funds 2022 £ 1,067,907	Last year Total Funds 2021 £ 880,131 145,915
			1,026,046
			1,026,046
			Last Year Total Funds 2021 £ 1,026,046

The notes attached on pages 19 to 30 form an integral part of these accounts.

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION - Statement of Financial Activities for the year ended 30 June 2022

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION Income and Expenditure Account for the year ended 30 June 2022 as required by the Companies Act 2006

Income Income from operations Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Fundraising costs Governance costs Other expenditure Realised losses on disposals of social investments which are programme related Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year All activities derive from continuing operations Net income after tax in the financial year Net income before tax in the financial year Investment income	2022 £ 213,298 1,993 215,291 215,291 135,939 29,684 1,800 6,007 - 173,430 41,861 - 41,861 41,861	2021 £ 225,485 -
		225,485
		225,485
		71,628 666 1,800 10,952 -
		85,046
		140,439 -
		140,439
		140,439

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 19 to 30 form an integral part of these accounts.

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION - Balance Sheet as at 30 June 2022

		SORP
	Note	Ref		2022		2021
				£		£
Current assets		B
Debtors	10	B2	-		3,031
Cash at bank and in hand		B4	1,069,947		1,025,055
Total current assets			1,069,947		1,028,086
Creditors: amounts falling due within
one year	11	C1	(2,040)		(2,040)
Net current assets				1,067,907		1,026,046
The total net assets of the charity				1,067,907		1,026,046
The total net assets of the charity are	funded	by the	funds of the	charity, as follows:-
Restricted funds
Restricted Revenue Funds	16	D2	120,768		244,253
				120,768		244,253
Unrestricted Funds
Unrestricted Revenue Funds	16	D3	947,139		781,793
				947,139		781,793
Designated Funds
Total charity funds				1,067,907		1,026,046

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION - Balance Sheet as at 30 June 2022

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

MRS CHRISTIANE ELSENBACH

Trustee

Approved by the board of trustees on 17 March 2023

The notes attached on pages 19 to 30 form an integral part of these accounts.

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KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Notes to the Accounts for the year ended 30 June 2022

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Risks and future assumptions

The charity is a public benefit entity.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value of donations receivable.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

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KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Notes to the Accounts for the year ended 30 June 2022

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Income from legacies

Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.

Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.

Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy aredisclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.

If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

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Notes to the Accounts for the year ended 30 June 2022

Policies relating to assets, liabilities and provisions and other matters.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Foundation anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

All financial assets and liabilities measured at fair value, the basis for determining fair value, including any assumptions made when using a valuation technique.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.

There are no endowment funds.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

There are no significant implications of such matters.

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Notes to the Accounts for the year ended 30 June 2022

5 The contribution of volunteers

The charity depends on the support of its volunteers, who are the trustees and the directors, which is much appreciated. The charity had 6 volunteers throughout the year. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

6 Defined contribution pension schemes

There were no defined contribution pension scheme during the year.

7 Defined benefit pension scheme

There were no defined benefit pension scheme during the year.

8 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

9 Investment pooling schemes and arrangements

There were no investment pooling schemes and arrangmenets during the year.

10 Debtors

10 Debtors
Prepayments and accrued income 11 Creditors: amounts falling due within one year Accruals	2022 £ -	2021 £ 3,031
	2022 £ 2,040	2021 £ 2,040

12 Loans to trustees included in debtors

No loans were provided to the trustees during the year.

13 Guarantees made by the charity on behalf of trustees

No guarantees were made by the charities on behalf of the trustees during the year.

14 Income and Expenditure account summary

Income and Expenditure account summary At 1 July 2021 Surplus after tax for the year At 30 June 2022	2022 £ 1,020,570 41,861	2021 £ 880,131 140,439
	1,062,431	1,020,570

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Notes to the Accounts for the year ended 30 June 2022

15 Particulars of how particular funds are represented by assets and liabilities

At 30 June 2022 Current Assets Current Liabilities At 1 July 2021 Current Assets Current Liabilities	Unrestricted funds £ 949,179 (2,040)	Designated funds £ -	Restricted funds £ 120,768 -	Total Funds £ 1,069,947 (2,040)
	947,139	-	120,768	1,067,907
	Unrestricted funds £ 783,833 (2,040)	Designated funds £ - -	Restricted funds £ 244,253 -	Total Funds £ 1,028,086 (2,040)
	781,793	-	244,253	1,026,046

16 Change in total funds over the year as shown in Note 15 , analysed by individual funds

Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Restricted funds:- Bursary Account Fund Total restricted funds Total charity funds	Funds brought forward from 2021 £ 781,793	Movement in funds in 2022 See Note 17 £ 165,346	See Note 0 £ - Transfers between funds in 2022	Funds carried forward to 2023 £ 947,139
	781,793	165,346	-	947,139
	244,253	(123,485)	-	120,768
	244,253	(123,485)	-	120,768
	1,026,046	41,861	-	1,067,907

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KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Notes to the Accounts for the year ended 30 June 2022

17 Analysis of movements in funds over the year as shown in Note 16

Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- Bursary Account Fund	Income 2022 £ 215,291 -	Expenditure 2022 £ (49,945) (123,485)	Other Gains & Losses 2022 £ - -	Movement in funds 2022 £ 165,346 (123,485)
	215,291	(173,430)	-	41,861

18 The purposes for which the funds

Unrestricted and designated funds:-

Unrestricted Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Restricted funds:-

Bursary Account Fund

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'.

19 Ultimate controlling party

The charity is under the control of its legal members.

Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

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Detailed analysis of income and expenditure for the year ended 30 June 2022 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

20 Donations, Grants and Legacies

20 Donations, Grants and Legacies
Donations and gifts from individuals Legacies receivable Total Donations, Grants and Legacies Total Donations, Grants and Legacies A1 21 Investment income Bank Interest Receivable Total investment income A4 Total legacies receivable Legacies receivable Total donations and gifts from individuals Varios Donations	Current year Unrestricted Funds 2022 £ 213,240	Current year Restricted Funds 2022 £ - - Current year Restricted Funds 2022 £ - -	Current year Total Funds 2022 £ 213,240 213,240 Current year Total Funds 2022 £ 58 58	Prior Year Total Funds 2021 £ 225,485
	213,240			225,485
	Current year Unrestricted Funds 2022 £ 58			Prior Year Total Funds 2021 £ -
	58			-
	213,298	- Current year Restricted Funds 2022 £ - -	213,298 Current year Total Funds 2022 £ 1,993 1,993	225,485
	Current year Unrestricted Funds 2022 £ 1,993			Prior Year Total Funds 2021 £ -
	1,993			-

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KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Detailed analysis of income and expenditure for the year ended 30 June 2022 as required by the SORP 2015

22 Expenditure on charitable activities- Grant funding of activities

Current year Current year Current Year Unrestricted Funds Restricted Funds 2022 2022 £ £ 12,454 123,485 Total grantmaking costs B2c 12,454 123,485 Prior Year Prior Year Prior Year Unrestricted Funds Restricted Funds 2021 2021 £ £ 26,440 45,188 Total grantmaking costs B2c 26,440 45,188 23 Current year Current year Current Year Unrestricted Funds Restricted Funds 2022 2022 £ £ Administrative overheads 5,000 - 618 - Professional fees paid to advisors other than the auditor or examiner 240 - Financial costs 149 - Support costs before reallocation 6,007 - Less support costs reallocated to specific activities To non charitable costs (6,007) - The basis of allocation of costs between activities is described under accounting policies Administrative overheads Bank charges Accountancy fees other than examination or audit fees Grants made to individuals Support costs for charitable activities Grants made to individuals Advertising and marketing Sundry expenses	Current year Prior Year Total Funds Total Funds 2022 2021 £ £ 135,939 71,628
	135,939 71,628
	Prior Year Total Funds 2021 £ 71,628 71,628 Current year Prior Year Total Funds Total Funds 2022 2021 £ £ 5,000 5,000 618 - 240 240 149 236
	6,007 5,476 (6,007) (5,476) - (5,476)

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KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Detailed analysis of income and expenditure for the year ended 30 June 2022 as required by the SORP 2015

The basis of allocation of costs between activities is described under accounting policies

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KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Detailed analysis of income and expenditure for the year ended 30 June 2022 as required by the SORP 2015

24 Other Expenditure - Governance costs

Current Year Independent Examiner's fees Total Governance costs	Current year Unrestricted Funds 2022 £ 1,800	Current year Restricted Funds 2022 £ - -	Current year Total Funds 2022 £ 1,800 1,800	Prior Year Total Funds 2021 £ 1,800
	1,800			1,800

All the expenditure in the prior year was unrestricted.

25 Total Charitable expenditure

Total Charitable expenditure
Current Year Total grantmaking costs B2c Total Governance costs B2e Total charitable expenditure B2 Prior Year Total grantmaking costs B2c Total Governance costs B2e Total charitable expenditure B2	Current year Unrestricted Funds 2022 £ 12,454 1,800	Current year Restricted Funds 2022 £ 123,485 - 123,485 Prior Year Restricted Funds 2021 £ 45,188 -	Current year Total Funds 2022 £ 135,939 1,800 137,739 Prior Year Total Funds 2021 £ 71,628 1,800	Prior Year Total Funds 2021 £ 71,628 1,800
	14,254			73,428
	Prior Year Unrestricted Funds 2021 £ 26,440 1,800
	28,240	45,188	73,428

26 Expenditure on raising funds and costs of investment management

Current Year Cost of fundraising activities Total fundraising costs B1	Current year Unrestricted Funds 2022 £ 29,684	Current year Restricted Funds 2022 £ - -	Current year Prior Year Total Funds Total Funds 2022 2021 £ £ 29,684 666
	29,684		29,684 666

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DocuSign Envelope ID: A7416292-218C-448D-8020-D4860C4332CD

KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Detailed analysis of income and expenditure for the year ended 30 June 2022 as required by the SORP 2015

All the expenditure in the prior year was unrestricted.

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KNIGHTSBRIDGE SCHOOL EDUCATION FOUNDATION

Detailed analysis of income and expenditure for the year ended 30 June 2022 as required by the SORP 2015

27 Other trading expenditure unrelated to fundraising or charitable activities

Reallocated from support costs Non charity expenditure B3b	Current year Unrestricted Funds 2022 £ 6,007	Current year Restricted Funds 2022 £ - -	Current year Prior Year Total Funds Total Funds 2022 2021 £ £ 6,007 5,476
	6,007		6,007 5,476

Other trading expenditure unrelated to fundraising or charitable activities - Prior Year analysis

28 Total of other expenditure Current Year Non charity expenditure Total other expenditure B3 All the expenditure in the prior year was unrestricted. Prior Year Non charity expenditure Total other expenditure B3	Unrestricted Funds Current year Unrestricted Funds 2022 £ 6,007	Restricted Funds Current year Restricted Funds 2022 £ - - Prior Year Restricted Funds 2021 £ - -	Total Funds Current year Total Funds 2022 £ 6,007 6,007 Prior Year Total Funds 2021 £ 5,476 5,476	Prior Year Total Funds 2021 £ 5,476
	6,007			5,476
	Prior Year Unrestricted Funds 2021 £ 5,476
	5,476

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