Charity number: 1132910 LOSTwfTHIEL EDUCATIONAL TRUST ANNUAL REPORT 31 DECEMBER 2022 LOSTWITHIEL EDUCATIONAL TRUST ANNUAL REPORT FOR THE YEAR ENDED 31" DECEMBER 2022 coNrENTS: PAGE: Trustees, annual report 3-10 Indeperldent examinerfs report li Receipts and payment5 account 12-13 CHARITY COMMISSION FOR ENGLAND ANO WALES Trustees, Annual Report for the period From 01/01/2022 To 31/12/2022 Charity name: Lostwithiel Educational Trust Charity registration number: 1132910 Objeetlves and Activities SORP tEfeTen(e Summary of the purposes of the chariry as set out in irs governing document PaTa 1.17 I) PROWSION OF ITEMS, SERVtCES AND FACILITIES FOR LOSTwrrHIEL SCHOOL AND ST WINNOWS SCHOOL. 2) THE PROMOTION OF EDUCATION (INCLUDING THE SOCIAL AND PHYSICAL TRAINING) OF PUPILS ArrENDING THE SCHOOIS. 3) THE PROMOTION OF EDUCATION OF CHtLDREN AND YOUNG PERSONS UNDER THE AGE OF 25 YFARS RESIDEwf IN THE AREA OF BENEFIT. 4)THE PROMOTION OF CHRISTIAN RELIGIOUS EDUCATION IN THE APEA OF BENEFIT. GRkn1￿ PAYMENTS MADE TO EACH OF THE SCHOOLS AND TO INDMDUALS Sumrnary OF the main activities in relation to those PU)T)oses for the public benefit. in particular, the aciivirie5. projecrs or serVi￿S ideniified in Ihe accounts. Statement confinning whether the trustees have had regard to the guidance issued by the Chariry Commission on public benefit Fara 1.17 and 1.19 Para 1.18 THE TRUSTEES HAVE HAD REGARD TO THE GUIDANCE ISSUED ON PUBIJC BENEFIT Additional information loptional) You ma choose to include futther statements where relevant about: SOAP referen THE TRUSTS ANNUAL INCOME IS DERtVED FROM A LEASE OF THE TRUSTS PROPERTY FOR OCCUVI"ION BY Lo>fwiTHtEL SCHOOL AND THE POLICY OF THE TRUST IS TO MAKE PAYMENT OF mo￿ OF THAT INCOME BY PAYMENTS TO THE 2 SCHOOIS IN PROPORTION TO THE SIZE OF JHE SCHCK)L ROtL Para 1.38 Policy on grant makin8 THE TRUST DOES NOT FOILOW A FOLICY OF SOCIAL tNVESTMEwf. THE AIMS OF THE TRUST ARE THE IMPROVEMEwf OF THE EDUCATION OF CHILDREN IN, LOSTWtTHIEL Para 1.38 Policy on social investrnenc including program related investment THE TRusfEES ABE UNPAID VOLUNTEERS Para 1.38 Contribullon made by volunteers Othei AchAevements and Performanee SORP referen THE TRUS1EFS REQUEST AN Accouwr FROM THE SCHOOLS OF THE MFANS TO WHICH FUNDS HAVE BEEN GRANTED AND REC￿Ly HAVE LOOKED FOR THE SCHOOLS TO IDENTIFY PROJECTS TO SHOW THE DIFFERENCE THE FUNDS MAKE FROM THE NORMAL RUNNING OF THE SCHOOL. Summary ofthe main achievements of the chariry. idenrifying (he difference rhe chariws work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Pan 1.20 Additional InfOrn￿tIOn (optional) You ma choose to include further statements where relevant about: N/A Achievements againsr objectives set Parn 1_41 N/A Perfortnance of ￿ndraising activities against objectives set Pats 1.41 THE TRUST FUNDS RECEtV8D BY WAY OF RENT ARE SUBSTANTIALLY PAID TO THE SCHOOLS. THE CAPITAL BALANCE HELD IS SAVED IN SEVERAL BANK ACCOUNTS AND IS NOT MANAGED BY WAY OF AcrtVE INVESTMBNT AS THE OBJEcr Is NOT TO INCUR RISKAS TO THE RESOURCES Investmenr perforniance against objecrives 1.41 Other Financial Review Review of the charitls Financial posirion ai the end ofthe eriod Siaiemeni explainins the policy For holding reserves statin are held Atnouni of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncerrainties about the chariry continuing as a going concern Pard 1.21 THE CHARITY GENERATED NET RECEIPTS OF £10.525 AND ENDED THE YEAR wrrH CASH FUNDS OF £220,175. Para 1.32 Para 1.22 Pdra 1.22 Pata 1_24 Para 1.23 Additional information (optional) You ma choose to include further statements where relevant about: THE PIUMARY SOURCE OF FUNDS IS BENTS CHARGED ON THE LE4SE OF TRusf PROPERTY. The charitvs principal sources of Funds (including any fundraising) Pdra 1.47 Investment policy and objectives including any social investment policy adopted Pdrd 1.46 A description of the prineipal risks facing the charity Paya 1.46 Other Structure, Governance and Management Description of chari￿$ trusts.. Type of governing document Para 1.25 CFIARITY COMMISSION APPROVED SCHEME UNINCORPORATED ASSOCIATION How is the chariry consututed? Para 1.25 Tru51ee selection methods including detai15 of any constitutional provisions e.8. election to post or name of any person or body entiEled to appoint one or more trustees Paia l.2S THE VtCAR OF LOSTWITHtEL IS A TRUSTEE. CURREmY THIS IS REVEREND PAUL BEIThON ANN MOODY IS A FOUNDER TRUSTEE. ALAN PAUL BASSE￿ IS CHAtR. HE IS A SOLICtTOR. ROGER SMITH IS TREASURER ALISON MCDONAID WAS APPOINTED AS A TRusfEE AND WAS INVITED TO BECOME A TRUSTEE AS SHE WAS A Additional inforniation (optional) You ma choose 10 include Eurther staiemenrs where relevant about: Policies and procedures adopted for the induction and training of trustees Para l.sl The Chari￿s or8anisational structure and any wider network with which the chariry works ta 1_51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Chari name Other name the chari uses Re istered chari nutllber Charitls principal address THE LOSTWITHIEL EDUCATION TRusr 3 COFFA BIUDGE CLOSE LOSTWITHIEL CORNWALL P122 OEB Names of the charity trustees who manage the charity Trustee name Office (if Any) Dates aetÈd if not for whole yeat Name of person lor body) entstled to appoint trustee Ilf an ALAN PAUL BASSE ANN MOODY SECRETARY ROGER SMfTH TREASURER ALISON CLARE MCDONALD REVEREND PAUL BEYNON orate trustees - names of rhe direcrors ar rhe dale rhe re ortwasa roved Dlrector name Name OF trustees holding title to property belonging to the charity Trustee natne Dates acted If not foy svhole ear Funds held as custodian trustees on behalf of others Descripuon of the a&sers held in this capaciry Name and objecrs of the hariry on whose behalf the assets are held and how this Falls within rhe cus(Ixlian charl￿5 objects Details of arrangements for safe eustody and segregaiion of sueh assets from the ehariws own assets Additional information (Optional) Names and addresses of advAsers (Optional inforniation) Type of Name Address adviser Name of chief exeeutive or names of senior staff members (Optional Anformation) Exemptions from disclosure Reason for non-disclosure of ke rsonnel details Other o tlonal Informatlon Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Sisrnature(5) Full name(s) Position leg Secretary? Chair, etc) Date 10 Independent examiner's report To the trustees of Lostwlthlel Educational Trust I report co the trustees on my examination of the accounrs of rhe IA)stwithiel Educational Trust (the Trust) for the year ended 31 Deeember 2022. This report is made solely to the charl￿$ t￿￿ees, as a body. in accordan￿ with section 154 of the Charirie5 Ac( 2011. My independent examtnevs work Ilas been undertaken so that I might state to the charl￿S trusrees those matcers I am required to state to them in an independent examinefs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibiliry (o anyone oiher rhan the chariry, the charirfs tnetnbets as a body and the charitvs tru5tee5 a5 a body For my independent examinels work, for this repoffj or for rhe opinions I have fotrned. Responsibilities and basis of report As the chariry trustees of the Trust you are responsible lor the preparauon of the accounts in accordance with the requirements of the Charities Aci 2011 Cthe Arf). I report in respect of rny examination of the Trusrfs accounrs carried out under section 145 of the 2011 Act and in carrying out my examination I have Followed all che applicable Directions given by the Chariry Commission under seciion 145(5)(b) of the Act. Independent examiner's statement Independent examiner's statement I have completed my examination. I confinn that no material rnatte￿ have come ro my atteniion in connection with the examination giving me cause to believe that in any material respecr.. accounting record5 were nor kepi in respeci of Ihe Trusr as required by 5ecrion 130 of the Act- or 2. the aeeounts do not aeeord with those records. OT the aeeounts do not comply wirh the applieable requirements concerning the form and content of accounrs Set out in the Charities (Accounts and Reports) Regulations 2(K18 other than any requiretnent that the accounfs give a Irue and fair view which is not a matter considered as pan of an independent examinarion. I have no coneerns and have come aeross no other matters in eonnection with the examination ro which attention should be drawn in (his repon in order ro enable a proper understanding of the accounts to be reached Amy Sole FCA Dated: .Iq-. oi- LL Phlllips Frith LLP 9 Tregarne Terrace 5t Austell Cornwall PL25 4DD CHARITY COMMISSION FOR ENGLAND AND WALES Receipts and payments accounts CC16a For the perlod from To 01A11f2022 3111212022 Seclion A Receipts and payments Unrestricted fund$ Restri¢lod fvnds Endowmenl funds Total funds La8tyaar toth•n*4r•￿ £ trjthw tothu to Ihe nTraro8t £ A1 R$e•ipts Rent- Losiwlh￿l Primwy SGhoL Scoilish wdow51n1￿l Fixed Interest Sha￿￿0¥)%50 Day Inlerest CAF Baik kniei 40.0 140 334 127 140 127 Sub totsl(Gross income for ARJ 0.607 40,607 A2 Ass•t and inv•8tmtnt S•￿#. 18ee table). Sub total Total reeeipts 40.607 40.507 A3 Payments Grant kn LoSh￿th￿l School Grani10 StWinrAw4 School Vanous srnal gr3nts