Charity Registration No. 1128594 Company Registration No. 06780445 (Registered in England & Wales) Che Hill School Trust Limited (A company limitcd by guarantee) Trustecs, Report and Financial Statements For the Year Ended 31 March 2023
Hill Sc Tntst Umlted Logal and Admini8traliNp Infom*K Trustee's Report Independent Exami$ R Statement of Flnanoal AclMlie8 Balance Sheet Notes lo Flnancial Statements
Che Hill School Tnt Ltd Legal and Administrtho Inforn)ation Trustees Mr Charnjit Jassal (apInted 5112108) Miss Bethlehem Demisse (apwinied 5112108) Governing DLKum¢nt & Constitution Dlation of Tn dated l November 2(M)8 Charity NumbeT 1128594 Chrity Office Unit 7. Red Lion Cotr( Alexath Road Hounslow Middlesex TW3 IJS Accountants Malkit Niiier TIA MSN AcLI)unting 66 Violet Avenue Uxbridge Middlesex UB8 3PS Bankth3 Santsnder Bank 301 vIt Street Glasgow G2 5NT
Che Hill SCI1 Trust Ltd Truste¢s Re aThl Overview The TrYeeS present their rekK)rt with the finala1 stsments of ihe charity for the year from l April 2022 to 31 March 2023. The ObJ1]ve of the organisation i5 to provide schooling for children in rtional curriculum subjects.
Trustees Rc TRUSTEES Mr C Jassal Miss B Demise OBJECTIVES The objective of the orgdnisation i5 to provide schooling for children in nationa] curriculum subjects. Asset cover for The &wts of the IT$t med ¢harity's obligaliors on a fijnd by fuThl b15. The Trusttts hav¢ examined ihe requir¢m¢ni for free r¢serv¢s which are those UTwestricted funds noi inv¢sied in fixed assets. It is ihe wlicy of the charity to mainlain free reserves ai a level ¢onsid¢r¢d adequate to provide sufficient funds for approximaiely two months Lllrntricted expenditure to cover Cost of th¢ a¢livities for charitable objectives and mana8emeni and thiinistration costs. Mana ement The Trusi¢¢s have reviewed affairs of the charity and do Tr)t lder that there are major strategic, business and operational risks which th¢ ¢h8rity faces. Ststement of trustees, res The trustees are required under the law applicable to charitie5 in England and Wa]es to prepare finw)¢ial 51atements for each financial yeaT which give a tn and fair view of the state of the charity's financial activities durin£ the year and of its fIncIal position at the eThl of the year. In preparing Ihe5e accounts. the trLLStees are required to: a) Select suitable accounting FKiltci¢s #NI apply them wTrsistently' b) Make judgements and esiimales Ihat are rewnable atKI prudent: c) State whether applicable a¢¢ouniing aandard5 aThJ statements of recommen prnctice have b¢¢n followe(L subjeL% to any departur&s disclosed and explained in the financial statements. Prepare the financia] 5tat¢m¢nts on a going Coern E4si5 unle&s it 15 iwpropriate to presume that the Charity will continue in 0ratIO The trustees are reS$Ible for keepi1 accoullg re¢ords whlch dis¢lose with rwomable accuracy at any time Ihe fllwKial rA)silion of the charity and which enable them lo ensure that the fjnancial stst¢m¢nts cotnply with the Charities Act 2(M)6. They are also reS5]b]e for safeguarding the assets of the charity and hen¢e for thking reasonthe step5 for the prevention ar¥J detection of fraud and other irregularities.
TrSteeS Rep)rt AppTOV This report W&8 approved by the trustees on........ (Zand is sig1 on their E¢half by: Mr C Ja5sal (Trstee)
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to thè truste1 mombors of Cherry Hil Sc*KM)l Trust Ltd On accounts for the year ended 1 April 2022 to 31 Marth 2023 Chartty no (If any) 1128594 8•t out on pag 149 I rel to the trustees on ry examinatK)n of the accounts of the ab)ve charFty (Ihe Tru&l for the year ended 31103r2023. Re8pon8lbl1ltl •nd basls of report As the charivs trustees, you are resnl for the preparatlon of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Acr>. I report in re¥¢ct of my examinath)n of th8 TrLtst's accounts carried out under seCtn 145 of the 2011 Act and in carying out my examination, I have folled all the applicable Ditections given by the Charity CommissSon under section 1495Xb) of the Acl. Indopondent oxamIno3 8tstement I have cometed my examinatlon. l Lvnfirn that no materfal matters have come to rry attentK)n in connection with the examination (other than that di5cb8ed bekMT') which gives me cause to believe that in. any material the accounting records were kept in accordance with 88ction 130 of the Charities Act; or the accounts did not ac(x)rd with the accountlng records.. or the accounts dld comply with the applicable requirement8 concerning Ihe form and cJ)ntent of a¢xounts set out in the Charities (Accounts and Repts) Regulations 2008 other than any requirement that the accounts gNe a Irue and fairf view whith is not a matter considered 85 Part of an independent examinatth. I have no concems and have auoss no other matters in connectlon with the examination to whith attentK)n should be drawn in Ihi$ report in order to enable a FKoper understanding of the accA)unts to be 8¢hed. . Fll88se de the words In the brt8 Ilthey not apply. sned. Name: Malkit Niiier TIA MSN Acoxjnling Relevant professional quallficallon(s) or body Irf any): Address: 66 VKJlet Avenue, Hillingdcffl, MKldlesex, UB8 3PS
Section B Disclosure Onty complete rf the examiner needs to highIjht material matters of concem (see CC32. Independent examinatK)n of charity accounts.. directions and guidan for examiners). Give here brlef dgtalls of any items that the examiner ¥%l$hes to dlsclose.
Chefry Hill S¢hool Trust Limited Charit No Com 1128594 6 18C.445 nod Annual accounts for the To 01104r2022 3110312023 Section A Statement of financial activities (including summary income and expenditure account) Unmtrl¢t•d nds Prior year Total fvnd• fvnd• nd• fund• Income (Noto 3 F01 F02 F03 F04 F05 90.000 60,000 29.491 28,Ch39 Othortr•d1 Investrn•nis Separ8t• materiil dlr<¢m 780 780 4,928 94419 Total Expendlturo {Note8 8} Pgndltur• on: 120 970 120 970 sio 611 5th) 121470 500 121 470 soo rotal $t2 Net In¢Omal(expdItuTè} b•for• tsx for thg roportlng perlod S13 2,621 2,621 3,539 Tax pay80 S14 Not Incomol{exp•ndltur•) aftor tax bafor• Investment galn81(k808> Netga1rI1knsI S15 2,621 2,621 3,539 S16 S17 Net Incomo1{expendliurn) extrdordlnary ltsm8 Transfer• between funds Oth•r r•cognlsed galn81{Ios808): 2.621 2.621 3.539 $18 S19 Galns and l¢)¥5es raTrty's 98inW(losse81 S21 Net M0MentIn funds Roconclllatlon of fund¥." 43.975 41,354 43,975 41,354 47.514 43,975 Total funds ean*•d lonvard $24
11Z5594 6780445 Section B Balance sheet Flxed assots Foi FOS Inlatvjlble a880ts INol• 141 INol• 111 11101) 17) 20.W25 20.925 21.234 21,234 Curr•nt a•••ts IN¢t• 18) IN¢ 17A) Cwh at In h•nd IN0 241 21.442 21.442 26.332 26.332 Cr•dltorB: 0tI f•lllng ong y•ar INoi• 20) 1.013 1.013 3.591 43,976 on• y••r (N¢rf• 201 Prov10• l•bMltb 41.354 41,354 43,#75 Fund• of the Charlty ErKlowrngrf fvnd• IN¢4• 2n R••trfct•d InGQm fvnd•{Ftsm 41,354 43.975 Ir•lr ¥alu• rq••r¥• prtninam 17a IE
Section C Notes to the accounts Nole 1 Basis of preparation This section shouldbe complètodby all chaiities 1.1 Basis of accounting These accounts have been prepared under the historical cost convention wth items recognised at cost or tran5aotion value unless otherwise st8led In thè relevanl notelsl to these accounts. The a¢¢ounts have been prepared In acwrdance wth.. the Statement of Recommended Pr"Ce.. Accounting ar¥J Reporb"rvJ by Charits"es prepanng their 8ccA)unts in accordan th the Finanual Reporting Standard applicable In the UK and Republic of Ireland IFRS 102115sued on 16 July 2014 and with" and vAth' the Financial Reporbrvj Standard appIlble in Ihe Unrted Kingdom and Republic of Ireland IFRS 1021 • and with the ChariDes Act 2011. The charity constntjtès 8 public tenefrt entty as define(1 by FRS 102. -Tick as appropnat• 1.2 Going concern M there 8rè mat•rlal unc•rtalntl*s related to •v•nts orcondltions thai cast slgnlficant doubt on iho ¢h8rlty S ability to contlnu• •s a golng concom. plèaseprovld• the followlng dethlls or stste "Not appllcable-, If appropriat•.' An explanation as to those lactors that support the conclusion that the thaiity 1$ a gn9 concern. Disclosure of ary uncertainties that make th• going concèrn assumption doubtful, Wher¥ 8¢¢oynts are not prepared on 8 wng ex>ncem basis. please disd¢)se this la togelhef with the basis on which the trustees prepared the accounts and the reason why the charity Is not regarded as a going con¢trm 1.3 Change ot accountlng policy The accounts psent a true and fair view and the accDuntrng KIeS adopled a those outlined in not& { l. Yes" ..Tth a5 appropnate Please dl$¢losg.' (i) the nature of the chang• In accountingpoli¢y." (li) the reasons why applying the new accounting policy provides morp rellable and relwanr fftfomi•tion." and {iiiJ the amount of the adjustrnent foreach line affected in the curreni period, each priorperiodpresented and the agggate amount of thè adjuslnient relating to periods before thosopresented. 3.44 FRS 102 SORP.
1.4 Changes to accounting estimates No changes to accounting estimates hav8 in the reporb.rig r¢riod13.46 FRS 102 SORPI. Yes. No" Pleasè dlsclos•.- (l) the natur• of any changes,. {IlJ the effect of the change on Income and expense or ass•ts and li8billties for th• ¢uKrnfttpeiiod.' and Illil where praclicèbh, th• •ff6Ct olth• ¢hanoè In on• or mor• futur• porlod¥. l.S Materlal prlor yr ¥rrorn No material prior year error have been idenbfied In th¢ p0"n9 pÈ,-¥)d13.47 FRS 102 SORPI. Yes. No. .TKk a5 approprwie plse discloso.. (l) th• natur• oltheprforpwiod wrnr.. (11) fore8ch prlorperiodprnsent•dln th¢ 8c¢ounts. th• amount ol tho ¢orre¢lion foreach accounl Ilne Item affected.. and {IliJ the omount of the corr•dlon at the beginnlng of the earliostprlorpfrriodpresented in th• accounts.
Section C Notes to the accounts Note 2 Accountsng polities 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Please prfjde • dwryboh of thg o4tur8 of qach change Reconcii*hinollund5Porfftkno fjAAP 102 stsrt p•riod Fu•d bol•n¢M End ol N•t Incorn•ll•xp•tydknr•l Prfrvi(xM pwlod n•t Incom1•xpknr•1
Strction C Notes to the accoutTrts lcontl Note 2 2.2 INCOME Actounting policies fois 51and3rd Iistoffacctsuntingwes has &pWtyy tr Ch&rtyexcewtrtttose W¢¢J-No"or W/a". iffler&ni or8uoitrollalwlicyhas 48en 6dOptÈdbIj Ihis th det&J Id)w ReGooD10 ol knc¢)me The¥e •r¥indL¥ m th2 Statwrentol FIACtlS(SOFA) tsl". Il Iikdy than notthal i1tru5eS1b reLethIe¥rn ¥J * monet8fy vaknecan s[le#abthty Yes Nla Yes No Nla 01194lUng fWmiit£d tylhe FRS 102 SORP or FRS 102 Yes No Nla GrJnli and dDnatir tntena ale 10 10 S.12 FRS102 SORP) In Ihe caSe0fprna tEweoty8rfs rnu5t1tybe rwwj kn the exrt thai charity has provwjed $wrfd gothls orserVKeSnhlleMertt io the giant only ocGursthen Ihe rftymarte cortibrffis 15 16 FRS 102 SORPI Le4atyEse IJude In ihe SOFA 18C&PlIS VOOth. Ihst . thwe has een giant ofwobaie. tréeAe¢uty$ na¥èe&tst4thd tywe¥e a55¢ts Nl¥ LBgacie Ye$ No Nl hBve been mel Yes No Nl Gov•mmentgrarto rec¢i%d trff•pykn9 tsinA ret¢ryab 1$ FYJwJeo Ir¢ L8 8 vshd tre¢yy Any Gin ¥[nnI iec¢v•r4d on a iSCtyISW ¥J ofthlllgDI 8j a$8n ID Ihe 85 # Irw the ihe Tax r•¢i•lm9 on dr#iallon• •nd g1ft1 Yes No Nla ND Nla ortttactuAI Income and T$ i8oityiuO m the SoFAcrfK4 w4ontyh•¥ rp)oT rtorman¢• ri&tgd gt8n18 Yes No Donat•d Booxl¥ Dor1¢ 9wd$ aw mawj#I law (tr¥¥h ¥•888toxthJ bo IlaIr ¥N¢Y thrreC¢O tr8re rwx. In pwK¥J In Irsicas atethsthttsJ èwse aiir c4r[O •mwnioithè sd$all>sbLtr Donaled 9f>Jstr allarvon ts•i th• Yes No ia Yes No Nla sheet On rts sablMvalLoI sirKk %xome frtyn ra 8¢bYibts' Ye5 Nl Yes No Nla Yes Nl Donated serv$ •nd Ihegift 10 the dwty wovidett the Yaiue the r rthbty No Nla witn an equtyeTrta1 ro(tyntsedosan ex[ wwJ¥u0wrI)Daieheadry in the SOFA Yes Nla Support costs Yes Nlg Voluntgr help es No Nia Income Irom intwès( royatti•S and divmlend be mea5wed r*W. Yes No Nla Income trom m•Mbfrishlp MernbeTrhip inlhe jr0 ofa In Ckxwlk 5ubscrtptions No Inc¢xrE from athYth5
Yes No Nla Setts¢m¢ntof108¥rBn¢o crrtenaare nEt15.IOb 5.12 FRS102 SORP) and aTer.£4jea asan rfem ofrthr income the WA Yes No Nla Inv•stmtsnt yalms and losses ThL¥ In¢Ju4e$ any $tty yairt revahAn9 Ve51nkn Dwket value theeTrJ year 2.3 EXPENDITURE AND LIABILITIES LIalIty r•¢o9tsM Liablitssare rwnwd vthore rtls mfxèlthttythan Krtthat b)¥eisaW cwslrucbve wnmrtbngttth#Trty to PaYrt resrAJrrth aThJthernrtof# Yes No Nl es GovernanE ¥rtl $upport costs Govèrna8 cost5 comwse al c05t5 comrdrance vttth Yes No Nla bylthr alea or cats. siaff costs * kne brne wl uy. No Nla Grnn¢s pBrformanc• conditionJ sor¥i¢e or¢Krtwt to wvid¢d. ¥eontyrecopMd in ihe &)FACOI 18cwiofty)8 918ni has ¥eutKd Yes No Nl¥ fjrènt payable wlthout pert0rrna• lfvTheTtrtrere are me ¥¥antthai watles ble dmT Lgwty to ié•li$bcalty a¥tsd th• rx)mmrtryth. the mLL4 f8cffjn18ed Yès No Nla Redundancy coit Yè5 Nla OtsrrAd Incorn• es ho Nlo Crodllrrf di$ts ProYlslon¥ loviiabllttlw m088LKeo $1•$1mle0lIhEAff1Jffl rewMd 10 StuOl¢xthaa al•K• rew11rv4 date Yes NO Nl• Ilnan¢l•l Ih$trum•nts Ye5 No Pdiagrnph 10 7 FRS14 SORP •5 11.17 to 11 19. FRS102 SORP 2.4 ASSETS £1 Ll8e by ¢h•rlty Ye$ No TW8ro YthJ8¢ c. Iii¢aiiglblè Nx•d Tr rlkglty h•8 llt8nwu0f0 •880ts. ntsTr.r wets tr0 Ngv8 ywl gvbsiwc• w are wJ•nlthb1è4TrJ4vecontroled tyLe (wgir Yes No NIB es Nla TWar• v•W01 COS1 Herlthue as49ts Yes No Nl8 5cieniific. Itnrgical. quWWth•t •teW and m¥intaMd Cornrt trJ k[KW•JgÈ¥0QJ1lUie. Yes No Nl8 They we valwd 01 c Iilvejthien Fixed a55el In¥Bslments In¢y)IB¢ WTrS. thwand&m4at ve$TEnare v8lue¢ at Intslty * oist and WWitnLyaiiaii valfft (trm Mae1 Y y d Tr SI treaimtytt is apphed tourth Yes No Nlè In¥eStts hekj IL¥res iw S ra$h ewithitsknth a maturityda Ofk&syrn 1 )yar atBtr¥J as (wrwi KtyVeStrnL% Ye5 No Nla Stctss nekJh)r saieas pwtd tradea kMrw¢o4 i51p v4L Yes Nia Stocks and work in progres5 Coodscrf seNtes WO¥thd asp3rtdachaDtaL al53e Yes Nts Nia Yes No Nl Wotk in vaWalCt$artyIxe5t&S the1 Yes Nia Debtors SenMent amounlafteranytyade¢JuTrL8 DraTthmaaYancEd ty the cbwty. they are measuTed aittE cash oroltv eXrEtt tote
The chanty rAs has Invesiments hohtstrf lesa¥'.fjg lhwrsa3naC3$h arn1¢29h u1vatsih a maiutrfy de ksslh¥n (x5e4r TThese WALfftf2ShOn dep¥>siiandcash equivakntswth a matur dateofkn than hEIY k.i to me• $nort tsrm rAsncommrfffEnts as Yes Nla Currentas5et Investrnents Yes PJO Nla POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE Chvry Hill Sthx4 Twsl Lttl a regisied thaiity aThl i8 IrefOre exempl frorn Intome Tax and Caphal Gains Tax. Vahje Added Tax i8 not reco¥erab by It dwrty as Èuth ts indJed In Ihe relevant c051s In the siatemenl ol Finanual A¥5.
Section C Note5 to the accounts lcontl Wtsto 3 Analys of incomo sis Oonatlons and 1098¢18s'. Donat and rfls Gift Aid Le acies Ceneral grants proMded by gov¢rrwnenVothtr charit$ Membership subs(xiptiws and spon5(N5hy5 which are in sub5tanGe ttonatn$ 60,WO Donated Olher (x)ds. rarxlil arK1 sw¥S Tolal Charltablo Fees 28.C69 28.C69 29.491 Other Toial 28.( 28.(9 29.491 Other tradlng •ctivltlg8.' Other Totsi Iiicomo from Invgstmenls.. Interest income D1vidend Income Rental and leasin income Olhei Tot1 $oparJ19 maierlal l¢em of Incom•'. Tot•1 Oth8r= convernn oleTrJowmenl funds 10 irbc(x Gain on disposal of a tsn9ible fixed a5$1 hehj lor chan 5 01471 use Gain on disposal ol a progrdmtne wdated inve51meni Roy811ies from the eygknlation of inlefeclual hb Qlher 780 780 4.928 4.928 Totsl TOTAL IPICOME 118.849 118.849 94.419 other IDformallon'. All inctsmÈ in the poryeaTWlS nT•trict ex¢•rttsr. Ip provlde d•scrlplion and aMOnIS Wliere any endowtnent lund is Gonvgrtgu inity inctyn• ithth4 reportiry riod. plèase yTve the ason forlhe¢onver5iOll. Within the income Iterns aly)ve the foll¢9 itfjm¥ w miorl*l.' Iplease disclose the naiufe, amoufti and any fv¥ioryear èmoumsl
SÈction C Notos to the accounis y•fir Governmontgrnnt 2 Lt y••r Gtsv•mm•ni grnni 1 Govommort grrt 2 Govommant grnnl3 To1•1 PIv•¥•9lv• d•t•lh ofothwlornw ol 4ov•mmwtvI¥l• from CC17a
Sectioii C Notes to the accouiils Icontl Note 5 ThIB y•r L•t year U8• of prnpgrty Th1• y•*r aeeountlng pollcy for thg r•eoonltlon And valuatlon ol donatod gooth. faellld•8 and ••r¥lc••. Pl•9 provld• d•t411• of any unfulfllbgd eondltlon• and oth•r conVngoneb•• Attachlng to r••our¢ from doMt•d oood• ind r¥I• not f•CO9nl•gd In In¢om•. Pl•• gly• d•tall¥ of oth•r lornm ol otrf don•t•d good• And blot r•cognlwd In th# •eeounts. •9 eontrlbutlon of unp•ld volunt••r•. CC17a IExc4)
Section C Notcs to the accounts Noto 6 Th15 y•V (yn ndnurn on fuNI•: IncJJrr8d seekir¥J donations Incurrod s•&kirt9 9a¢XS Incurred seoking grnnts Operating momLwohb SL7w godal lettanes Staging funOrai8th9 e¥8nts FudralsiNJ agonts oper8ts.ng GhBiity sl•)p8 Oper4tin9 • yr•Ju Ath$9, ma811rJ, direcl rnail arKI Start UP (X4ts intrJft•d in re 80urca of future kncom• O•tab¥$6 deveWrnent Othwtrading acti¥th• Inv•8trn•nt mnag•nnt C1. Portrolki manggamenl COBts Cost of obtaining inveitr)ient In¥tment qdmIniAOrt ¢Mts lfitolkn¢lual prop•rty Ik•ndr¥J 1 Rent col1b)n. rnp•hs •AS malnten8nc• ehary Tatsi •Xp•Wr• on r•hlry IwMI• Exp•nd1Th on ¢Mrlt*bl••¢U¥WM: ChBrk8bkry •xp•rKIitu T+)tal oth Govern8nC8 costs TO othw oxpendthir• TOTAL EXPENDrruRE 121.470 t21.470 97,958 CC17a I)
GY• •1 Tot•1 thIB fvndkn9 01 Totsi Cha1ae Oth Tol•l 97 958 yr Wh•rt#uTh• orlglndty dwthilnDtsd IrbfD tumrty hth• h l>wn ¢r•n•l&tsd Irrto•l•rflng lortt• ¢uvr•w kn wlh tr• •c¢ouDl• 4r• drw¢ up LutYr Wh•r••wM orlglnBltr4d•nomlnbt•d Inlthn ¢uTh•w hty• b4•n Includ•d Ih •Ap•hthM, •ApWh It* bmknonwhkh •¢¢ounl• •r• 178 (Excdl
Section C Notes lo the a¢¢ounts (conti Note 7 Extraordinary itsms Pleasa gxplain the nature of oach oxtr40rdin•ry Item o¢curfng In th• period. Thls year Last year C)escrf Ilon Extraordlnary Item 1 Extraordlnary Item 2 Extraordlnary Item 3 Extraordlnary Item 4 Total extrordinary Stems
Section C Notes to the account5 Note 8 Funds recelved as agent 8.1 Please Complete thls note ff ihe ¢harty has agreedto admlnlsterthe funds of another entity as Its agent. Note.. Ma charity is acting a5 an agent. it should not Tecognise the income in the Stsi¢ment of Flnan¢lal Actfvllles or the Balance Sheet. Amount r•¢•lved Amount Id out Balance held at eriod end Descrlptlonlnam• ol party Relattd party IY9¥ orNo Th58 y•ar Last year Thls year Last ye#r Thi$ y•ar La•t y•4r Total 8.2 Where a consortia or similar arrangement exists whereby 2 or more charities eO&operate to achieve economies in th& purchase of goods or5ervice5. please di5¢05e IletaiT15 of any balan¢es outstandlng between anyparticipating members. D•scrtptlonlnamo of party Balance hèld at pèriod ènd This year Last yèar Tolal
Section C Notes to the accounts Note 9 Support Costs Please complets this note rf the charlty has anatys8d its expenses uslng activity ¢at•gories and has SUPPOrt costs. Charllable A¢VIty a$1$ of allocatlon Ralslng fund8 Activlty ilvity 3 Gr•nd total Support cost exam l•s Salaries & NIC method) 30,464 251 30,464 251 Staff pension Eerfs Rent. Servi¢e Chgs, rates & water Light & heat Insurance 3.857 3,857 1.698 1,698 Telephone Exam entry costs Lab materials Repairs & renewals Advert151ng Postages & slalionery Accountancy Payroll bureau cosls Cleaning Sundry expenses Bank charges Depreciation 132 27,499 132 27,499 758 52,849 221 758 52,849 221 500 500 2,919 13 2,919 13 309 309 120,970 121.470 Totsl Please pmvide details of the accounting policy adopted for the apportionfftent of Costs beAveen activities and any estimation technlques used to ¢alculate theirapportionment Accruals basis for all ttems above
Section C Notes to the accoullts Note 10 Detsils of cgrtain itsms of expenditure 10.1 Fees for examination of the accounts Please pmvide details of the amounl pald for any statutory extemal scrntiny ol accounts and other setvlc•s pyovidod by your in¢kpendent •xamlner. ff nothlng was paidplease enter V. in the •ppropriate box(es). Thls year Last yèar Independent examin•r'¥ f Assurance sorvices other than audlt or Ind8pendent examlnatlon Tax advlsory f••s Other leos (for examplo: financial advice. coMultsn¢y. accountancy services) pald to the indep8nd8nt 8xaminer 500 500
Section C Notes to the accolints Icontl Note 11 Paid employees Please complete thls note rfthe chaiity h•s any wnployws (transaths wlth Trust dealt wlth In Not• 28) 11.1 staff C¢)818 Thls y•ar Last year Salarfm and w49 Soclal Security costs Pgnslon co•ts (d6finad contrfbutlon •chom• Othor ornploy•é b•ndlts 38.851 251 167 Total Staff ¢0ots 30.715 39.018 Th1$ year: Pl•a•• provld• d•tll• of •xp•nd41ur• on •laff worftlng for th• charlty whom Contracts arn wlth and aro pald ty • r•latsd pArty Last y•ar: Ploa•• provkl• d•tll• of •xp•ndltyr• •taff worklng forth• charlty who•• ¢ontr¢ts •r• wlth and pald by * r•l•t•d P•fty Pl•a80 qlve detalls of th• numhwolwnploy•es whos• total •mploy•• b•n•ffts (exeludln9 •mployer p•nslon costsj lell wfthln each band of UQ.IW Irom £60.OtXI upwans. M¢h•rn •r• no sueh tr•nsactlonJ. please •n¢•r try•'ln th• l>ox pn>vlded. No •mployee8 recelved ompl¢)yoe 111* (excludlng omployor p•n81on co8ts1 for the reportlng wlod of morn than £60,000 Bond Numbgr of om Last £60,000 to £69,999 £70,000 to £79,999 £80,000 to £89,999 £90,000 to £99,999 £100.000 to £109.999 Thls oar Plea80 provlde tho total amount pald to koy manag•m•nt CC17a (E[)
11.2 Av•rag• hèad count In the year Thls year Number Last year NuMr Tho part8 of tho ch•rlty In whlch th• omployts8 work Part-time 3 Part-time 4 Total Part-time 3 Part-timo 4 11.3 Exrnll• p#ym•nts to •mploy••8 and oth•rn {•xcludlng tnMt•os) Pl•ase complete Man exr•eia paym•nt ts mad& Pl•aM •xplaln tho naturo of th• payment yOAr Last y••r Please slate tha l•g•l •uthorlty or rgason for maklng th• payment Th1• yo•r L4•t y••r Th1• year Last year Ploa8• State the amount ol th• paym•nt (or v•lu• of any walver of a rfght to an atss•t CC178 IExr41
11.4 R•dundancy paym•nts Thls yoar Last ar Totsl amount ot paym•nt Th• natur• of th• payment (ca•h, •••41 Th18 yoar La•t ar Th• •xt•nt of wodundancy fvndlng •t tho b•lanc• •ho•t d•t• Pl•a80 •tato the accountlng poll¢y for any v•dund•ncy or torniln•tlon paym8nts CC170 (Exedl
SectlOTI C Noies 10 thc accoLints Noty12 for a• a dtrffn ¢ontrlbutlon 8chom•. Thlsy LaBty••r 251 167 Pl•M• •xpWn IP• b••l• for alloEAlh¥ th• Ilmblllty •nd •MpwM• of l st•ff costs unrB51riC •chem• h It¢1• fry A• * d•fin•d pl•n. Pl•a•• provl(l• •uch Informth l• avallabJ• aboutth• pln'• •urylu• ry dollclt and tho IM1¢&11•n•. 11 •ny. for th• r•portlng ¢h•rfty th1 y•vand l••t y•ar. 11 dlff•r•nt can b• Ilwbh to th• pkn for otyw And ¢ondbtloM olthe Mult1p1 plan. Wthh l• (liif•Mrtfor l••¢J•v. prod d•tall• Provld• •n •xpl•n•llw Ilablllty arlslng from an agreomertT•Ith muSd-8mployor to fund • d•ffi¢it has been dotsrniln•d. i• dlff•r•nt lor la81 yeari p0 dll• CC17a IE%td)
Not• 13 GnDtrn•king Thls year 13.1 GrwLt• ID Totsl 1&2 ar•nts Y• Toi•l w•M• pftld £ ¢C17• IE)trJl
13.3 AM To¢aT 1&4 QMnl• m•rf• lo In•lR TOTAL ¢3RANTS PA CC17a (Ey
Scclioii C Notes lo the accounts Iconti Nots 14 14.1 Cc•t or valuatlon Tot•1 At th btyknnlThJ the yoa¢ Addftbns 28.186 48.186 Rev4•11¢¥ DIspoi5 Tr8n8hr8' At •fid oflm )••r 28,ie6 48,1e8 14.2 D•pr•¢SAiion •nd knp•lrnwl• SL or RB (Stra n• lx R•dudr 88kn} 8L¢xftB SL¢xRB SL 25% & AB 25% SLorRB At begInn yaar 26,962 knpalrnnt At 8Th1 olth• ya 27261 27,281 14.3 N•t I0 v•lu• Net book vAIuo at the innir¥J of the >w Net book v•KL •tt end oftht )ar 21,234 20,925 CC178 IEy£dl
14A Implnnwrt 14.5 Rw•ly•llon ThlJ ywr L••t y••r Thh La•t y•4r of t• Hx•d•s• (111) Det•ll¥ ofthe •xlst•nc• •nd ofNopwty. pknt• CC178 {ExeD
Sectioii C Notes to tlie accounts Nots 15 Intangible as••ts 16.1 CMtorv•ly• T¢)ll At t•glnnlro ol th• Ad(Sthn$ 018posal8 Revaluatior Transfers. At ènd olthè swr 1fj.2 Am¢)rfIMd¢)n And Imp•lrnMnts SLorRB SLorRB SLorRB SLcrfRB Strawjht Li fSL"I LV RthYue4tYJ Balan rR8"1 - Rat• At of th& Diy Arngrtis#tton Inya¢mnt Tran8fws' Al end ol)8r 16.3 N•t book 1• Net book value at Ihe t*3innirrfJ oflhe ¥r book Val atth8 end ofthe >par 18A A¢cown9 polky Poli¢1 fw tho r•coWon of CC178 (Excd)
15.S Imp•lmwrt Thi# yèar. La8ty•ar. 15.6 RlU•lln Th1• yr L••t ymr 15.7 Othw dl•¢k4urn• (4 Myovrlnt•ftglbl• ••••t w ¢•rrylnq Jmoun¢ olth• IA8•t (14 D•tslb olth• c•nylngamouftl¥ of any Int•nglbl• M•ts to whlch th• h 11obllhlw. •8S•ts. •xp•ndllur• In th• y•ar. Iv) Plw• del•ll th¢ hmthgs In th• SOFA whkh • ehary• for•mortl8•Uon of Intaftqlb (vl) For•nymat•rtsllntarylble as8ets. plv prov1 a descriptton. its canylng amounrnd -Pl8ase indiGate Ihe met1 orde(¥10Tr by dsl*&"w Ihè mtholnrtapliGable (SL= StrwglJtl•,. R8= reducyry b8lBtKY). Atso please indiale fhe rate 0fdepreuat1.' trstrwghtlth. lh• ofttle asset (In CC178 IExe¢ll
Section C Notes to the accounts Iconti Note 18 Heritago assets 16.1 Genal dlsdosums for all dw#les hOldk T4¥e asxts Tlws year Last year Explalntr r•lwe ¥Thl $¢419 01 herttaqe asmts hd. {111 Explalnth• p0lkyfrth a¢9$10 prgervatlor4 Ma4•m and JlspoMI ol herltay ass•ts. 18.2 Cost •rvaluatlo T(rtal Al beginnir• of th• y•w Addrt8 TrnMf•y•" eThJ of Ihe ye 16.3 D•pr•¢l•tlon and Imylrnrts Strght Lin• rsLJ ReduBir Bance At beginniw dth• y• Dkpos Ateryjcly 18A Net book value Net ik value ofth& yr N8t value atthe ¢¥wJ rfthe year CC17a IExed)
16ts lrnpalmjenl TN$ year Last year 18.8 R•valuOn TNS yr Last y••r 18.7 Any•l$ ol her•g•tI by ¢l••• •f gro¥4 thos• al ¢ortr thw•t valuOn Atvlu•¥on At¢t&rOUP Gr>ApA Total Dvapo8a R•v•lu8ti¢M) Cwryiry at th• )d ¢rfp•roY TNS y••r Last ymr ill EXlth r•sonwhy h•ra t)ès¢rfbÈtt $lqrfllC and 11111 Dl$¢los• k)lornMtlonllwt Is helplul In assessing the value of hÈrltage a$set$. Ilvl Explalnlhe reason why rt15 nat praetl¢aWe to okrtaln a valuatlon ol helttage assets. CC17a IEX
16.9 Flve y•ar 5wnmaryol1V as$d$trs•¢ 2023 2022 20 2020 2019 Purcha6 GroupA Group 8 Group C Grtyjp A Group 8 Grwp C Oth8r Total addlllo Ch•rq• lor Impalrn)•rt GroupA Group 8 Group C Tot•1 charg• lor Imp•lnn•rt Dlspos•l¥ Grcup A. wryirJ wrurrt Grcup B.cwryk¥ Grtyjp C Totsl dlspos415 CC170 IExé4D
section C Noies to Ilie accounrs Note 17 Invesimont assets 17.1 Flx•d ass•ts kN•sthnts Ipkas• w4)¥ldt ft ga¢h ¢l•ss rf h)wsfnwnt) cang Ifairl Val at bJlNknI P8dLYJ Add.. addttKw to Irb8lrn L•ss'. di%pLwkn at Lg5¥'. imp•irmont• Add.. Rever1 of ImpAlrm•rta Ad¢VlththJctl.' net gVlbx•l On revalu•tk)n (flrl at énd ol 'Pl•a#• sp•clfy atIoN mI4 IreA acqul81tl0 throuth bleS ¢omblnatlor4 11 nowltyabl• •nd wllllnpyths In 4•n am1 ltyth Forty•d•d¥Kurtttw th• f•lrv•lu• Is th• v•lu• ofthe securtty quotsd on ¢IMLondon Stock £¥ch•nge D•lly 01SYcl•1U•tor•q•j0nt Foroth•r•s••ts wlw• Thls y•aT.' F•lr 40 Cort lrnpalrThrt ¢i•h or h•WIal•rts L11t In¥oAtm•nt8 weitmttnt prwrtl Soclal ImiulmoTht Other Irwestments T¥tl Grar•J total (Falr Val at •rthCtt l•As inyim*rtl Last year". Colt Sess Imp4hm•Dt Cash or G4sh •wivalents Li8ted inve8tment8 Investment prwertbe• So¢ial irwestments OthRr irweslmgnls Totsl CC17a (E
Grand total IFali vthl at YUT 0$1 less inN)Airmert) Last >wr 111 Explaln tr rn•thoth and In d•trnnlIvj tho lalr valuv ol InprnslnbHrt property by t charity 1111 Namp or valuw. Ifpplle•. •Thl v•lwrn 4llflcatlon• 11111 Piovldtr dthtslls ol •rry T••trictloM on ablllty to realls• Ir•snIn1 propgrty or on w•ffllttanc• of Iram• r dlspoBal pro¢eod Ilvl Expl¥ln eontr¥¢ll Obl1• foi Ihe wxchu•. c•Mtructlon or thv•lopm•nt ol Invwtmort prwny or lor 17.4 Pl•M• provbd• • br••kdvn of rAWy•rtmt If•ppll¢abl•. agr••kig wlth th• balan Andy$ of cwr•nt u••¢ InvMtm•rt• ThIBy xt >wv Cmh or caih Llit•d Inv•4tm•nt• Inv•stm•nt pr¢)p•rtl•i Socl•l Inv•41ment• Total 17.6 Gwant• Pltras• provith d•lall• aThJ of¥ty lo r bthall of a Ihlrd p•rty Name of the entlty or •rrtitlv tw•fftttlrvJ from IM8• warantee• Plea8• oxplaln lyy th* rartee fwlheri Ihe thivltys aim CC17a (ExEd)
17.6 Con¢•sslonary loan% [£ Amow of conGesslonary lo)s made IM Thi¥wr£ Last r£ Am¢xll of COtaIlOnry loans (Multlpk IoAns vecefvedmayb•thclo3•(1 L•t year reim6 and ¢+JndltloN •g lrt•rat rts. Mcwbty piovid¢d Valw ofny ¢£1¢1ry loarvd h•Y• bmn COMMItt tyjt not tsk•n w> at th• rnportlThJ dAt• AML¥tI PV4bl• wlthln 1 y•aw AmoLrta payabl• att•1 mor• thth 1 y•ar Amount¥ r•1¥able wIn l y••r AmLxmti re¢elvabh •lt•r mor•thm l y••r 17.7 Addltloml Th18 PIM• provld• Ib)lomtIon ab1 th• slwlllcan¢• ol Inv•stm•tr)ti to th• ¢harltyi flrwKlal posltl¢x) performatxe 4g fern WKI ¢ondltloM of loam or the ol WilThJ to manap 1¢nal•l rlsk. FOF •ll investmqnti m•tsur•d•t falrvlu•. th ba81• for dp¢ol1nq th? valw. i1lUdIrary a$$umptloroJ applIed1 a v4lu4tlon lecmlwe. here a hA• provlded Ilnancial a•Mt4 a lorm ol wuilty. carrylThJ4m¢ymt ol t flfflancial asoet pledgEd a6 Security and th temii CO110n8 r•lallThJ to It• pledp. For all inv•slmwrt$ nwur•datfairvalu•. th ba¥is for d@tèrniirynq th@ val. includirvd ary a$sptio appliedtn u8iThJ 4 valuati tecmlw Whe¥e a h88 provfi( 11n881 atsets 8 lorm olwuilty. Ihe ¢8rrylf¥J olthe flnanclal a$sÈt pledpd as secwity and tenn8 and ¢oTrJitiN* welatiThJ lo its ple CC173 (Exc8f)
Section C otts to tlie accounts lcontl Note18 Slo¢k$ 18.1 Please state tht ¢4rrytrwJ am0 of stock and kn progress analys¢d bètween aellvlde Stock Wvrk In For dlstrll)ullon For reyle For dlstrllxrtlon Fof resale Charltabkn aclvltl•s: Oth•r tradlng aclMII•s: Total tNs year Tot*1 pr•¥lou• y•w Last 18.2 Please spedfy Ihe Carryk amourt of CC17a IE¥¢dl
Section C Notes to the accounts Icontl Note 19 Debtors and prepayments Please complete thls note if the charity has arjy dgbtors orprepoymgnts. 19.1 Analysis of debtorn Thls year Last year Trade debtors Other debtors Prepayments and accrued Income Other debtors Total Please complete 19.2 where a material debtor is recoverable more than a year after the rnportlng date. 19.2 Analysls of debtors recoverable In more than 1 year lincludod in debtors above) Thi8 ygar La$t year Trade debtors Prepayments and accrtsed income Other debtors Total
Section C Notes to the accounts (cont Note 20 Creditors and accruals Pleas8 complete thls note M the charlty has any creditorn or8ceru81s. 20.1 Analysis of creditors Arnounts falllng due within one year This year Last year Amounts falling due after more than one year Thls year Last year Accruals for grants payablo Bank loans and overdralts Trade croditors Payments received on account for contracts or performance-related grant8 Accruals and deferred Ineome Taxation and soclal securlty Other creditorn 1,013 3,591 Total 20.2 Deferred income Please complete this note rf the charity has defen Income. Please explain the reasons why income Is defer. Movemont In deferred Income xcount This year Last year Balance at the $tsrt of the reportlng perlod Amounts added in eurrent period Amounts released to income Irorn previous periods Balance at the end of the reporting period
Section C Notes to the accounts (cont Note 21 Provisions for liabilities and charges Please complete this note if you have Included in charfty W)•ndlture anyprovtslons. A provision ts made when the charlty has a liath.lity of uncertaln Ilmlng or amourt 21.1 Movernents in rncognlsed provisions and funding commitinent during Ihe period This year Last year Balance at the start of the PortIng period Amounts added in current period Amounts charged againsl Ihe provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period 21.2 Please provid•: - a brlef description of any obligations on the balance sheet and the expected amounl and timing of resultlng paymenls; This yur Last year - an indication of the uncertainties about tho amount or liming of those oufflows: and - the amount of any oXP8Cted relmbursemenl. stating tho amourt of any asset that has bn re¢ogni8od for that expected rnimbursemenL This year Lasl year 21.3 For any fvnding commltment that Is not ro¢ognis8d as a liability or provision, provide details of commitment made, the time frame of that commitment, any perfonnanceryrelated ¢onditions and details of how the commitment will be funded (with conkncts for capital expenditure separately idenlified). 21.4 Where unrestricted funds have been designated to a fund commitment, please dis¢lo$e the nature of any amounts designated and the Ilkely tlming of that expenditure. CC17a IExcell
Section C Notes to tho accounts (cont Nots 22 Oth•r disclosurns for d•btors, trlt01$ and othor basic financial instrumonts This La•t year 22.1 Please provlde Infomiatlon about the •lgnlfl¢an¢e ol financlal Instrum•nts {•9. dèbtors. eredltors. Investments et¢) to th• charws Iln4nclal posrtlon or perfomiance. for example, the terms and condftlon• of loans or th• u8• of h•dglng to man•g• flnanclal rlsk. 22.2 11 th• ¢h•rlty provlded IIMn¢ll assets as a form ol securlty, th carrylng mount of the Ilnanclal a$s¢ts pledged se¢urlty 4nd the terms and conltlon• related to It• pledge should be glv•n h•rn. CC17a IEx¢d)
Section C NotÈ$ 10 the accounts Icontl Note 23 con1lry lIabtte5 and assets 23.1 Conllngert Ilabl posslbllty olthdr exlsterKe ts remo Ths year D¢scrltrtlon of Item Incknling tt$ leg11 naitn. Plèase deserfi any se¢uity prIdelI conngcl1)nioth• IkibV4ty. 0•scrfptlon of knchAlng 11$ 1•o1l na¢w•. dgSCrtb• any 58cuwtty pmvldod h) ¢oM•¢llontoth• Mablllty. Eslhik •llhanclal •ff•et 232 C¢rtli)o•rt a•s•t• •xl•t•n¢• l• probabl• TN• y•Ar of •t y•ar Deserl onofkn s styar Last year amourt orllmlrwJ of Sdde. andtt pwlbSty ol any reImIr5•MIrt Ylhm It h not wa¢ll¢al to mak• on• or more olthem dls¢losur•s. Pl9 stl1ts fa¢t CC17a IExedl
Section C Notes to the accounts (conti Note 24 Cash at bank and In hand Thls year Last ye•r Short tgrm cash investments I13 Ihan 3 month8 marIty dalgl Short term doposits Cash at bank and on hand Other Total 21.442 26,332
Section C olcs lu Iliè accc)uiits Icontl Not• 26 Falr vakn of ass•ts and Ilablllll•s Last 20.1 Pleaxe provid& d•¥ 01 clwvs •xposw¢ to credt rlsk rlsk of Incurring a 10•5 to 4 thtstor hyjt paylng wh•1 l# od>. risk Ilh8 rlslt ol n bdng iljle to m••t shon term lInalI1 domanthl and rnarkrt Ihat th• v•luÈ olan Inveslmert wlll fall to chanps In m4rk¢ii 1rf$lng from flnanrlal In#tnffints to Wthbch th• crIty Is expo¥ed ai thtt énd ol the rwrth od and explaln how lh• ¢h1Y 215.2 Please ¥ve detalls of ol In the falr Val tsf b•sl¢ flNncW InstrunIS Id8btor4 cr•(M¢ inve¥trI l•t sèthon 11. FRS 11)2 SORPII m•asw•d at fjr v•k* thl SOFA that Is attrltrtthble to clwnys In cr•(Mt rl• CC17a IExcdl
Section C Notes to the accounts Icontl Note 26 Events after end of the reporting period Plea complètè thls noto •v•nts (not rnwrtng 8dJusthnt lo lh¥ •¢Ints) hv• oc¢uTr•d ft•r th• •nd of th• rwrtlng perhd but b•forn th• Kcounts are which r•lat• to eondltlons that 4r0#• aftor the of th• roPQrtlng pwlod. Th1• Last ar Please provlde detall¥ olth• n4tur• of thè tv•nt Provlde an tImle of tho financlal •ff•ct of the event or a statement that swh an etlm•t• cannot b• mad• CC17a (Excdl
fund• T>y•P¢ et SI•11 43.97$ 118.819 121,470 41,354 Y••. ¢C17¥(E
Nots 27 Cha lun¢ts nd PÈ. EE R•rUR" ¢anl Fund n•m Unrtslrt 4T14 48.97S ¢¢174
Section C Notes lo ihe accounts (conti Nots 27 Charity funds Icont) 27.3 Transf•rs beiwn funds This Rea50n trarthfer and where erMlOw is converted to Income. for Its converslon Amount Be unrèstrieted and rèstricted funds Betsveen trndty•vm•nt and rtstricted funds Between 8nd(Mm•nt and unrestricted lund$ Lasl for tr•nfer and wlr• •ndty•fflient l• convwtsd to Incom•. legal power ft>T Its ¢onv•rlon Amount 8¥fvan unrostricted and restricted funds Bafvrfeen 8ndowm•nt and rastrict•d lunds 88ts¥8on 8ndthYment and unrestricted funds 27.4 Oesignatsd funds This ear Planned use of the desl natlon Amount Last Planned use Pu of the designatson Amount CC17a IEx¢dl
Seelion C Notes ro ihe 3ccounrs Note 28 Transactlons with trustees and related parties TNS year •mploymert wkhth•lr ¢h•rfty w • related (fN• ¢x F•> Amowls PAld or b•n•fft valu• RedUrlICY TOTAL ofofficeV•x qi•tia MrCJau B Dem? Pl•as¢ tyv• dela¥8 of*yr•mun•rnlon orolh nountofth• rnhTrburn•in•rt CC17a (ExG•t)
Last year ¢mpJoyTnertYAlh ttlr dry ora relthl or Fel PeniK Rlnd•neY lincludirwJ ID ololkey•A YOT MrCJa¥ Mros B D•mffj6e •mpltrym•nl b•n•fft •mpdd. morn tru•t•M, •t•l• th•n•tyT••fth•P•ym1• •mountofth• rthburnrnL No tnth•xp•ns•s h•v• ba•A brn (fn or Tlts year Last yoar Trav•1 Subslstence Accommodatlon Other Iplea5e specttyi: TOTAL CC17a (Ex¢eD
had expe85 pald bytt clwlty 28.3 Tfamacllorrfsl wlth related partle5 t•r 7we.ln th• boxpMtt•. Th1$ year Amow)ts wrhlen off durlng reportlng Name of1hetnteè or rela¢¢¢ party Rdadon5hlp to cherlty Des¢rfpllon oltr tr¥n5a¢lil) Pmvlslon lor bad d•bts a¢ perlod end rfod end tem18 coftilons. Includnq•nyMCutyd lh• LAst y•ar Thr• hav• no rdllt•d rtY IM¢11•n% kn th• r•porth¥ p•rtod (fn or Falml Amounts wrltten off durfng r•portlng p•rlod DM¢rfWon olth• Provlslon lor bAd del at p•rlod to chAIlty ha19 of•ryp•ym•ni{¢on•k) 10 b•pmWded CC17a IE¥¢d)
Section C Notes to the accounts Icontl Note 29 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here. please add a separate sheet. Cherry Hill School Trusl Limited was incorporated on 28 December 2CNJ8 and applied for the charity status with the Charity Commission soon thereafter. The company was given charity status on 17 March 2009 and started trading effectively from 1 April 2009. The trustees will abide by the terms of a contract and be regulated by the Trust Body at all stages of the critical decison making. The trustees will report to meeting where they will be required lo and iustrfy various decisions, all of which will be documented in the minutes. The Trust Body will act periodically to identify and 8valuate the trustees suitability to ensure that standards are maintained at all times.The Trust Body agrees to acl with Ihe trustees to ensure that the school and its members are provided for in the best manner possible.