.ReBtstered Charlty No. 1130571 Cofflpany No. 06946733 Ashvllie Foundation Rewrt and Financial Statements 31 August 2021 *A82K5DXF 2310412022 OMPANIES HOUSE A17
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Ashvllle Foundation REPORT AND FlNANCIALSTATEMEPs Year ended 31 August 2021 CoNTETrS Page Trustees. report ststernentof Tru5tee5' responsibilities Independent examinerfs rewrt ststement of fbnandal actfvltles Balan Sheet Notes to the flnanclal statements
Ashvllle Foundatlon TRUSTEES. REPORT Year ended 31 August 2021 REFERENCE AND ADMINISThATIVE DEfAILS OFTHE CHARifY. ITS TRUSTEESANDADVISERS The Trust is registered with the Charity Commissioners under charity refeience number 1130571. rhe Board of Trustees is a self-appointing body and all the Trustees. detailed below. have served throughout the period arKI subsequently. except where indicated. Dateof ApwlntrentlRe5i8natlon PA Holt Ichairl GML Hirst JC Search IE Brown NJ Stamford Resigned l Ortober 2021 Officers Secretary.. H Aindow NJ Edwards (Appointed 5 DeCeMr 2020, Resignèd 28 October 2021 PA Holt Green Lane. Harrogate. North Yorkshire, HG2 9JP Chair.. Registered address.. A<fvisers Bankers HSBC PLC, 7 Prospect CrescenL Harrtsgate. North Yorkshire. HGI IRN Independent examiner Saffery Champness LLP Mitre House. North Park Road Harrogate HGI 5RX Solicitors Schofield Sweeney 76 Wellington Street Leeds LSI 2AY
Ashvllle FOUndaOn TRusfEES' REPORT Year ended 31 Au8USt 2021 chartle Objects The principal activity of the Foundation 15 to provide bursaries and other financial suptXSrt to current and prospective pupils oFAshville College who would otherwise be unable to attend the College. The Foundation meets the definition of a public benefit entity under FRS102. The Trustees confiim that they have had regard to the guidance conrained in the Charity Commission's genernl guidance on public benefit when rèviewing thè Foundation's aims and objective and in planning attivities. AChvernents aThJ r*rfomTrarKe The main focus in the yeèr to 31 August 2021 has been continuing to provide additional support to Ashville pupils and families in need affected bythe ctsronavirus pandemic. through the provision of bursaries to cover school fees. Durin8 the year the Foundation provided support to1301 pupils. Flnanclal Review The Foundation, with the support of Colle8e staff. has also been aciNe in irying to increase the awareness of the Foundalion and its activities. Total income for the year was £123.52012020-. £350,585), which included a donation of £IOO,OQ) from Ashville College. AeseNes Pollcy The Dirertors, policy is to maintain sufficient reserves at the yearond to cover thè Foundation's commitment5 forthe following year. At 31 August 2021 the reserves were £411.89112020.. £326.9761 and this was sufficiènt to cover thè commitments made for the acadernic year 202V22. Strurture. Govemance and management Thè tharity is governed by the memorandum ènd artides of association incorpated 29 April 2(J)9. A5hville Foundatiori 15 a charitable company. The governing body shall be made up of at least three and not more than nine trustee5. Tru5tee5 shall include.. Ex-offico.. Chair of Governors Headmaster of AshvillÈ co51ege One third must retire by rotation each AGM other than ex-offKo trustees. Retirees can be reappointed for a maximum period of nine years. Related Parttes There 1$ 3 close relatK)nship between Ashville College and the F(ndation with a number of Governors of the College also being directors of the Found3tion. Audltors The directors of the company have decided not to apwint alItorS_ By ordei of the board PA Holt Chalrnian
Ashville Foundatlon STATEMENT OF TRUSTEES. RESPONSIBILMES Year ended 31 August 2021 The trustees are reSponsie for preparing the tru5tees' repM)rt and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards Iuniied Kingdom Generally Accepted Accountin8 Practitel. The law applicable to charities in England & Wales VIre5 the trustees to prepare tinancial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of reSoUrS of the charity for that period. In preparing these financial statements. the trustees are required to.. select suitable accountin8 pdicies and then app them consistently.. obserye ihe methods and principles in the Charities SOAP IFRS1021- make judgèments and estimates that are reasonable and prudent.. state wheiher applicable accounting standards have been followed. subject to any material departures disclosed and explained irb the financial 5talements,' and prepare the financial statements on the Boill8 concern bass unless it ¢5 inappiopriate lo presurne that the charity will continue in business. The trustees are responsible for keeping proper accounting records thatdi5c105e with feasonable accuraty at any time the financial position of the charity and enable them to ensure that the financial statements cornply with the Chaiities Act 2011, applicable accounting regulations and the provisions of the trust deed. They are also responsible for safe8uardin8 the assets of the charrty and hence for taking reasonable steps for the prevèntion and detection of fraud and other irre8ularities.
Ashville Foundation INDEPENDENT AMINER's REPORTTO THE TRUSTEES OF ASHVILLE FOUNDATION CHARITABLE COMPANY {YHE COMPANr) Year ended 31 Au8U5t 2021 I report to the trustees on my examinaiion of the accounts of the Ashville Fotjndation (the Company) for the year ended 31 August 2021. Respecthe &)nsIbIlIt*S of trustees aNI examlner As the charl5 trustees ol the Company land also its direttors fof the purposes of company lawl you are responsible for the preparatton of the accounts in accordance with the requirernents of the Companies Act 2W61'the 2006 Act'l. Having satisfied myself that the account5 of the Cornpany are rK)t required to be audited under Part 16 of the 2006 Aci and are eligible for independent examination. I report in respect of my examination of your charity's account5 a5 carried out under 5eciion 145 of the Chacities Act 20111.the 2011 Act'l. In carrying out myexamination I have followed the Directions given by the Charity Commission under sert40n 145151 Ibl of the 2011 Act. Basis of Independent examinerfs My examination was carried oul in accordance with the general 'rectionS 8iven by the Charity Commi55ion. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 113lso includes consideration of any unusual items or disclosures in the accounts, and seekin8 explanations from you as trustees concerning any such matters. The procedures undertaken do riot provide 311 the evidence thai would required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matters set out in the statement below. Independent examlnerfs staiement Since the Company's gross Income exceedèd £250,IXX) your examiner must be a mEmber of a body listed in section 145 of the 2011 Act_ I confirm that l am qualifTred to undertake examination because l am a mernber of the AAT. which is one of the listed bodies. I have completed my examination. I confirm that no rnatters have come to my attention in connection with the examination giving me cause to believe- l. accounting records were not kept in respect of the Company as required by settion 386 of the 2006 ACL. or 2. the accounts do not accord with those records- or 3. the accounts do not compty with the accounting ieovirements of settion 396 of the 2(KJ6 kt other than any iequirement that the actounts 8ive a 'truè and fair viev/ which is not a matter considered as part of an independent examination" 4. the atcounts have not been prepaied in accordance with the fflethods and.principles of the Statement of Recommended Practice for accounting and reporting by charilE5 applicable to charities preparing their acc¢unts in ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. Helen Short MAAT Date.. )3 . 03 . 3011
Ashville Foundation STATEMENT OF FINANOALAcnvmES Year ended 31 August 2021 Unr tritted Funds tricted Total Funds Total Funds Funds 2021 2020 Note INCOME: Income from donatlons and le8ades Legacy income Income from charitsble actNltles Donatior15 received Investment Incory Interest received TOTAL INCOME 5,688 121.086 117,826 117,826 229,493 117.833 123.520 350.585 EXPENDITURE: Charitable eXpendire Burs3ries. prizes and scholarships Operating expenses Independent Examination fees TOTAL EXpENDuRE 37.892 13 37.892 13 53.588 13 3,5(K) 57.101 38.605 38,f5 NEf INCOME FOR THE YEAR 132.9J81 117,833 84.915 293,484 MOVEMENT IN FUNDS 132.9181 117.833 843 293,484 TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CIRRIED FORWARD 117.573 84,655 209.403 327,236 326.976 411.891 33,492 326.976 All incorne and expenditure derNe5 from ¢ontinuin8 operations. There are no retognsed gains and losses for the current and prior period other than as ststed above.
Ashvllle Foundation BALANCE SHE Year ended 31 August 2021 Unrestiicted Funds Restricted Funds Totsl Funds 2021 Total Funds 2020 Note CURRE ASSErs Debtors- amounts falling due within one year Cash at bank and on deposit 281.551 45.685 281,551 168.945 288,461 42,015 123.261 327,236 450.496 330.476 cREDoRS. amounts fallin8 due within oneyear 138,6051 138.6051 13.S(KTrl NCuRRENfASSEfS 84,655 327,236 411,891 326.976 TOTALA8sEfs LESS CURR UABILtnES 84.655 327.236 411,891 326.976 NEfASSEt5 84.655 327.236 411,891 326,976 FUNDS Restricted Unrestficted 327.236 327,236 84,6SS 209,403 117,573 84.655 84.655 327.236 411,891 a26,976 For the year Ènding 31 August 2021 the company was entitled to exemption from audit under secrion 477 of the Companies Act 2006 relating to small companies. The Trustees acknowledge their responsibilities for ¢omplyin8 Wlth the requirements of the Act with respect to accounting records and the preparation of accounts The members have not required the companyto obtain an audit of its accounts for the year in question in accordance with section 476. These accounts have been prepared in accordance with the provisions appIable to companies subject to the small compantes, re8ime. These financial Sternents of the Ashville Foundation company number 06946733 were approved by the 8oard of Tru5tee5 and authorised foi issue on 23 202land signed on their behalf by". PA Holt (Chaiil
Ashville Foundation NOTES TO THE FINANCIAL ATEmENTs Year ended 31 Au8USt 2021 ACCOUTrmNG pouaES The Charity 15 registered with the Charity Commissn under re8lStration number 1130571. The principal accountln8 pOIleS adopted by the Tiustees are described below. Ba515 of Accountln8 The financial stalements have been prepared undei the historical cost convention and in accordance with the Statement of Recommended Praclice -Accounting and Reporting by Charities ISORP 20191" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ifeland IFRS 1021. effective I january 2019. and the Companie5 Act 2CX)6. eaS of preparatk)n offinancial sments- goin8 concern basts The Director5, having taken account of projected Future income and the existing levels of reserves held within the charity. believe that the Foundation has adequaie resources to continue its activities for the ftsreseeable future. According. they continue to adopt the 80ing concern basis in preparing ihe financial statements. Income All income is recognised in the statement of financial activities when the charity has entitlement to the funds. conditions for receipt have been met, it is probable that the incoffle will be received and the amount can be measured reliab. The followin8 accounting policies are appl¢Èd to income.. Donotions Gndlegocie5 Lkjnalions reiVed are recoBnised in the Statement of Financial Activities in the period in which the charity is entiiled to receipt. Investment income Inierest income is fecognised as it is recei. Expenditure Direct choritoble expenditure Direct charitable expendituie in¢ludes all expenditure d1CtlY related to the objects of the charity and incIe5 the following.. Surscrries. prizes ondscholorships Scholarships and prsies are accounted foc when iheTrustees have accepted a legal or moral obligation to make the expenditure. Operoting expenditure Other expenditure represents expenditure incurred in the management of the charity's assèts. organisational administration, and compliance with constitutional and statutory requirements. Donated servtces Ashville College employees provide administratNe a55iStance to Ashville Foundation. As this is small arKI not easily quantifiable, Tho adjustment has been included in the financial statements for this. Fund ac¢ountln8 The trust holds the following funds-. Unrestricted funds- these funds can be used in accordance with the charitable objects at the discretion of the Trustees Restricted funds- these funds can only be Ld for particular restricted purposes within the objects of the charity. Restrictions arise when specrfd by the donor or when funds are raised for particular restricted puiposes
Ashville Foundation NOTES TO THE FINANaAL ATEmENTS Year ended 31 Au8USt 2021 Flnanclal instruments Financial assets and financial liabilities are recognised when the chartty becomes a pary to the contractual provisions of the instrument. All financial a55ets and liabilitS are Initial measured at transaction price (including transaction costs). The chaiity only ha5 financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are Initial re¢ogniseil at transaction value and subsequently measured at their settlement value. Taxatlon As a gistered charity the FoundatK)n is exempt from income tax on its charitable attivities. Crttkal accountKigludgernents and keySoUr ofe5tlmalion urKertalnty In the application of the charity's accounting policEs. whKh are described above, the Trustees ale required to make judgements, estimates and assumption5 about the carryin8 amounts of as5et5 and liabilities that ale not readi apparent from other sources. The estirnates and a550ciated assumptions are based on historical expeiience and otherfactors that3re considered to be relevant. Attual results may drffer from the estimates. The estimates and underlying assumptions are vWed on an on-going basis. Revision5 to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period. or in the perio(J of the revision and futvre periods rf the revision affects both current and futuie peri(>ds. The Trustee5 do not consider there are any crilical jvd8ements or source5 of estimation uncertainty requiring dClosUre beyond the accounting [K)IleS listed above. NMOvEMENriN FUNDS Net movemenr in funds for the year isstated after charging.. Unrestricted Unrestritted 2021 2020 Independent Examination Fees. Trustee Expenses 7(K) 13 3,500 13 713 3,513 The Trustees received no femuneration or expenses in the performance of their duties as Truslees of the Trust in the current or prior year. There were no trustees reirnbursements for 202112020.. £131. DEBTORS 2021 2020 Amounts falllngdue with5n one year Due from Ashville College Accrued income 281,551 167,375 121,086 281,551 288.461
A5hville Foundation NOTES TO THE FINANCIAL ATEMEI[S Year ended 31 Au8USt 2021 4. CREDThORS: AMOUNTS FAWNG tKIE WtrHIN ONE YEAR 20XJ 2020 Accrua15 Amount due to Ashville College 13 38,592 3,500 38.605 3,500 FUNDS 8alare as Incoming at I Sept resources 2020 Funds Balan as transferred at 31 August 2021 eypended Unrestiicted funds 117.573 5.687 138,6051 84.655 Restricted funds 209.403 117.833 327,236 Totsl funds 326.976 123,520 138.fQ51 411,891 2020¢omparative fi8ures Balance as atl 5epternber 2019 Incoming resources Resources Funds Balance as expended transferred at 31 August 2020 Unrestricted funds 121.086 13.5131 117,573 Resiricted fvnds 33,492 229.499 153.5881 209.403 Totsl funds 33.492 3SO.585 157.1011 326.976 Restricted fund- combines all bursafies and financial help given to parents to allow chiklren who woukl not normally able to attend Ashville College. thè opportunity to atterTrd. Unrestricted funds had a balante of £84.655 at 31 Av8USt 202112020- £117.5731 followin8 additional legacv income and grants issued in the year. RELATED PARTYTPAN&4clloNS During ihe year £ISO was receNed as a donation frorn a Trustee.