Charity number: 1132910 LOSTWITHIEL EDUCATIONAL TRUST ANNUAL REPORT 31 DECEMBER 2021
LOSTwrrHIEL EDUCATIONAL TRUST ANNUAL REPORT FOR THE YEAR ElED 3 1- DECEMBER 2021 CONTENTS: PAGE: Trustees. annual report 3-10 Independent examinefs report li Receipts and paymenrs account 12-13
CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 01/0112021 To 31/12/2021 Charity name: Lostsvithiel Educational Trust Charity registration number: 1132910 Objectlves and Activities SORP referen Summary of the purposes of the chariry as set our in irs governing document Para 1.17 I) PROVISION OF rrc.MS, SERWCES AND FACILITIES FOR LOSTWTfHIEL SCHOOL AND ST WINNOWS SCHOOL. 2) THE PROM(YfioN OF EDUCATION (INCLUDING THE SOCIAL AND PHYSICAL TRAINING) OF PUPILS ATTENDING THE SCHOOts. 3) THE PROM(yfioN OF EDUCATION OF CHILDREN AND YOUNG PERSONS UNDER THE AGE OF 25 YFARS RESIDENT IN THE AREA OF BENEFIT. 4)THE PROM(yfioN OF CHRtSTL4li BELIGIOUS EDUCATION IN THE AREA OF BENEFIT. GRAr PAYVIENTS MADE TO EACH OF TTrIE SCHOOtS AND TO INDMDUALS Summary of the main acrivities in relation to those purposes For the public benefii, in particular, the activiries, projects or services identified in the accounts. Statement confinning whether the ttustees have had regard to the guidance issued by the Charity CoLlltni5sion on public benefLt Para l.l7 and Pdra l.l8 THE TRUSTEES HAVE HAD REGAIID TO THE GUIDANCE ISSUED ON PUBLIC BENEFrr
Addltional Information (optional) You ma choose to Include rther statements where relevant about: SOiIP refercr.ce THE TRusfs ANNUAL INCOME IS DERIVED FROM A LFASE OF THE Trusrs PROPERTY FOR occuvfioN BY LOSTWITHIEL SCHOOL AND THE POLICY OF THE TRUST IS TO mKE PAYMENT OF MOST OF THAT INCOME BY PAYMEwrs TO THE 2 SCHOOLS IN PROPORTION TO THE SIZE OF THE SCHOOL ROLL Para 1.38 Policy on grani making THE TRusf DOES NOT FOLLOW A POLICY OF SOCIAL INVESTMENT. THE Atms OF THE TRUST ARE THE IMPROVEMENT OF THE EDUG4TION OF CHILDREN l LoSTWH[EL Para 1.38 Policy on social invesrnient including program related investment THE TRUSTEES ARE UNPAID Para 1.38 Contriburion tnade by volunteers Other Achievements and Performance SORP referenct THE TRusfEES REQUEST AN ACCOUNT FROM THE SCHOOLS OF THE MEANS TO WHICH FUNDS HAVE BEEN GRANTED AND RETLy HAVE LOOKED FOR THE SCIIOOIS TO tDEWI'IIry pR0C[S TO SHOW THE DIFFERENCE THE FUNDS MA[ FROb( THE NORMAL RUNNING OF THE SCHOOL. AN EXAMPLE OF AN ACHIEVEMENT AND BENEFIT WAS THE PROVtSlON OF FUNDS FOR IAFfops FOR USE DURIN'G COVID RES'IIUCFIONS. Summary of the main achievements of the chariry. identifying the differenee the charitys work has made to the eircumstance5 of its beneficiaries and any wider benefits to society as a whole. ra 1.20
Addltional information Ioptional) You ma choose ro include further siatements where relevdnt about: N/A Achievemenrs against objecrives set Fa 1.41 N/A Performance of fundraising aellvities against objectives sei Pard 1.41 THE TRUST FUNDS RECEtVED BY WAY OF REwf ARE SUBSTANTtALLY PAID TO THE SCHOOLS. THE CAPITAL BALANCE HELD IS SAVED IN SEVEIIAL BANK ACCOUNTS AND IS NOT MANAGED BY WAY OF A1VE INVESTMENT AS THE 0Ecr Is NOT TO INCUR RISK AS TO THE RESOUR Investment perfonnan agatnst objectives Para 1.41 Other Financial ReeW Review of the Chari$ financial position ai (he end OF the eriod Statement explaining the policy for holding reserves stalin are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in defieit Explanation OF any uneertainties about the chariry continuing as a going eoneern Para 1.21 THE CHARITY GENERATED NET RECEIPTS OF £1.286 AND ENDED THE YEAR TH CASH FUNDS OF £209 650. Para 1_22 Pxra 1.22 Para 1.22 Pard 1.24 Pata 1.23
Additional information (optionaD You ma choose to include further statements where relevant about.. THE PRtMARY SOURCE OF FUNDS IS RENTS CHARGED ON THE LEASE OF TRUST PROPERTY. The charity's principal sources of funds (including any fundraising) Para 1.47 Investmenr policy and objecuves including any social investment policy adopted Para 1.46 A description OF the principal risks facing the chariry Para 1.46 Other Structure, Governance and Management Description of Chari5 tntsrs.. Type of governing docurnenr Para 1.25 CHARrrY COMMISSION APPROVED SCHEME UNINCOBJ)ORATED ASSOCtATION How is the charity constituted? Para 1.25 Trustee selection methods including details of any constitutional provisions e.g. election ro post or name OF any person or body entitled 10 apkKJint one or more trustees Para 1.25 THE VICAR OF LOSTwrrHIEL IS A TRUSTEE. CURRENTLY THE INCUMBENT IS REVEREND PAUL BEYNON. AIAN PAUL BASSErr Is THE CHAIR.HE IS A SOLICITOR. ANN MOODY IS A FOUNDER TRusfEE. ROGER SMrrH IS A PERSON WHO HAS ACTED AS TRFASURER FOR OTHER CHARtES. ALISONL MCDONALD WAS APPOINTED AS A TRUSTEE AND WAS INVtTED TO BECOME A TRUSTEE AS SHE WAS A
Addltional inforniation (optional) Youn choose to include further statements where relevant about: Polieies and procedures adopted for the induction and training of rruscees Pdrd 1.51 The charlS organisational structure and any wider network with which (he charity works Pata 1.51 Relationship with any related parties Para 1.51 Other Reference and Adminlstratlve details Chari name Other name the chari uses stered chari nutnber Charis principal address THE LosrwrrHIEL EDUCATION TRUST 3 COFFA BRIDGE CLOSE LOSTWITHIEL CORNWAtL P122 OEB
Names of the tharity trustees who manage the eharity Trntee name Office (if anyl Dates aeted if not for whole year Name of person lor body) entltled to appoint trustee (if ALAN PAUL BASSErr CHAIR ANN MOODY SEcARy ROGER SMITH REVEREND PAUL BEYNON ALISON CLARE MCDONALD orate trustees - names of the directors at the date the re rtwasa roved Direetor name Narne OF trnstees holding title ro property belonging to the charity Trustee name Dates a(*ed If uot for whole
Funds held as eustodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalfthe assets are held and how this Falls within the custodian ch2ritls objects Details OF arrangements for safe custody and segregation of such assets from the chariry's own assets Additional information (Optional) Names and addresses of advisers (Optional informatlon) Type of Name Address adviser Name of chlef executive or names of senAor staff members (Optional Inforniatlon) ExemptAons from dlsclosure Reason for non-di5closure of ke ersonnel derails Other o tional information
Declarations The trustees deelare that they have approved the trustees, report above. Signed on behalf of the charitys trustees Signature(s) Full namels) Position (eg Seeretary. Chair, ete) Date It)3 10
Independent examiner's report To the trustees of Lostwithiel Edueatlonal Trnst I reporr to the trustees on my examinarion of the accounrs of the Iilsrwithiel Educational Trust (the Tntst) for the year ended 31 December 2021. This report is made solely to the charli5 fnistees, as a body, in accordance with section 154 of the Chariues Act 2011. My independent examinevs work has been underraken so that I might state to the charit*s Irusiees those matters l am required io state to them in an independeni examinefs report and for no other purpose. To the fullest exienr permÉited by law, I do not accept or assume responsibiliry to anyone orher than rhe chariry, the chariry's member5 as a body and the Charis trustees as a body for my independent examiner's work. for this report, or for the opinions I have fornied. Responsibllities and basis of report As the charity ttustees of the Trust you are responsible for the preparation of the accounts in accordance wilh the requÈrements OF rhe Charities Act 2011 ('the Acv). I report in respect OF my examination of the Tn]si's accounts carried out under section 145 of the 2011 Act and in carrying ouc my examination I have followed all the applicable Directions given by rhe Charity Commission under section 145{5){b) of the Act. Independent examinefs statement Independent examiner's statement I have completed my examinallon. I confirm that no material matters have come to my attenrion in connection with the examination giving tne cause 10 believe that in any rnaterial respect.. accounting records were not kept in respeet of the Trust as required by section 130 of the Act. or the accounts do not accord with those records. or 3. the accounts do not comply with the applirdble requiremenrs concerning the form and content of accounts set out in the Charitie5 (Accounrs and Repons) Regularions 2008 ocher than any requirement that the aeeounts give a 'true and Fair view which is not a Matter considered as part of an independent exarnination. I have no concerns and have come across no other matters in eonneetion with the examination to whieh attention should be drawn in this repo in order to enable a proper underscanding of the accounts to be reached Amy Sole FCA Phlllips Frith LLP 9 Tregarne Terraee St Austell Cornwall PL25 4DD
CHARITY COMMISSION FOR ENGLAND AND WALE5 Receipts and payments accounts CC16a For the poriod To 01ff11r2021 31112r2021 Section A Receipts and payments Unrestricted funds Restricted fund8 Endobvment fund$ Total fund La¥ty?4r to tho nearellt È tothe nAarest£ A1 Recelpts Renl. Losbmthid Thirn8rys Scotbsi Wdow5 Irrteresl ShtAtrook FLKed Interest Sh•trook SO Day IntetP51 CAF Bank knlere5t 32,CK*J 333 302 i) 333 302 13 Sub total(Gross incom8 for AR) 3189B A2 As$et and Investment sal•s. Ise& tablel- Sub total 32.698 3Z,698 A3 Payrn8nts Granlto Losrhith1 Schod Grant StVlinrxW4 Sth Vprioussmal grdfjls <£& k char9es 18.0¢0 12.000 1.515 97 18,00 12.OLW) 1.315 97 Sub total 31AIZ 31,412 A4 As$01 and Inveglmenl purchases. Ise¢ table) Sub total 31,412 31,412 Alet of re¢elpW(payments) AS Transfèrs between funds A6 Cash funds la$t year end Cash funds this year end 1.286 208.364 209,650 208,364 209.650 12
Section B Statement of assets and liabilities at the end of the period unstrICted funds tonearest£ Re5trictEd fund$ to nearest E Endowment fund6 lo nr$t È B1 Cash funds Scothsh W&A0>x¥X 102A76 47.763 41 17.81$ Total ¢ash fvnds 2Q9,6S0 Unre8trfcted lunds eartstE Restrlcted funds Endowment fund$ to near0$1 t Details to nearest £ B2 Other monetsry a$ts FunJtowhirh Current value Details B3 Investment assgts Ftowh1Gh ass•t IJ• )st loonal Current vAlue onal Det2ils 84 Ass6ts retained for the ¢harity'$ own usè Furmltowhk AM(lIU loFWort•ll Ylhpn loptsDnall Dei3il$ BS Llabllliles Signedby one or ¥tee$ behalf of all the truslees S¥JnabJ Print Hame Date of roval 13