Company Registration Number- 07322855 The Charity Registration Number- 1139283 The Walter Carrington Educational Trust Report and Accounts 31 July 2024 •AEIHN4EB* 2910412025 COMPANIES HOUSE A04
189
The Walter Carrington Educational Trust Report and accounts for the year ended 31 July 2024 Contents Page Charlty Information TfUStees' Annual Report Statement ol dlrectors, responslbllltles 10 Funds Statements... Stslemenl of Financlal Aclivllles Statement of Financial Acliwlies - Prlor Year 5ts1ement Movements in lunds Income and Expendllur8 account 13 14 15 Balance sheol 16 Notes to tho accounts 18
The Waltsr Carrlngton Edu¢atlonal Trust Company Registration Number- 07322855 Trustees. Annual Report for Ihe year ended 31 July 2024 The Trustees present their Report and Accounts for the year ended 31 July 2024, which also comprises the Directors, Report required by the Companies Act 2006. Reforon¢• and administrative details The eharlty name The legal and operating name of the charity is:_ The Walter Carrington Educational Trust. The charity is also known by ils operating name, The Walter Carringlon Educational Trust. The charltys area of operatlon and UK Charitable reglstrntion. The charity is registered in England & Wales Wlth the Charlty Commission in England & Wales (CCEW) with charity number 1139283. The charity does not operate in any overseas jurisdiclions. Legal structurn of th• charlty The charity is constituted as a company limited by guarantee, regislered under the Companies Act5 . 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 olher 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 Walter Carrington Educational Trusl Company Registration Number- 07322855 Trustees. Annual Report for the year ended 31 July 2024 The prlnclpal operatlng address of the charity is... 13 The Boulevard Imperial Wharf, London, SW6 2UB The registered offic8 of the charity for Companies Act purposes is the same as the operakn'n9 address shown above. Th• Trust••s In offlc• on th• dal• th• r•port was approved were:. Mltchell Albert Joanna Elizabeth Sleight Andrew William Lennox (appointed 5th April 2023) The Iruslees who served as a trustee in the reporting period were as shown above, and there were no other changes during the year, or in the period beh¥een the year end and the approval of the accounts. Objects and actlvltles of the charlty The puOSe8 of the charity as set out in 1¢$ governing do¢umont. Furthering the knowledge of the public in the princbples and practice of the Alexander Technique by (a) training teachers of the Alexander Technique in a manner consistent with the training programme developed by Walter Carrington at The Constructive Teaching Centre (CTC) of Holland Park, London,. (b) mainlaining and promoting The Constructive Teaching Centre archives on the Alexander Technique: and {c) such olher charitable rneans as the trustees see fit.
The Walter Carrlngton Educatlonal Tru8t Company Registration Number - 07322855 Trustees, Annual Report for the year ended 31 Juty 2024 The main activities undertaken in relation to those purposes during the year. Throughout 2023-24, the teacher training course known as the Conslrucliva Teaching Cenlre {abbreviated as "the CTC"), run by the Waller Carringion Educational Trust {WCET), continued to train teachers in the Alexander Technique in a manner consistent with the programme developed by Walter Carrington. at its premises= 13, The Boulevard, Imperial Wharf, London SW6 2U8. rhe main activities undertaken during the year to further the charity S purpose for the public benefit. 1) The CTC training course, uniquely amon9St training courses in the UK, provides bursary funding to select students of limited financial means. During the period covered by this report, the Trustees sought to award bursaries to suitable candidates to study at the CTC and qualify as teachers, for ev8nlual contrlbullon to the well-being and improved funclloning of society as a whole. The CTC and Trustees. having conceived new, more detailed eligibillty assessment crlterla, and drafted a more detailed bursary application form,were active in the period under review in attempting lo supply deserving students with bursaries. The WCET Sought lo grant bursaries to three serious and suitable eligible candidales, all students or prospective students of the CTC. One candidate, despite facing significant financial hardship, declined to apply for the bursary. Another was unable lo lake up the offer due lo person31 financial loss. A third candidate was offered a bursary following interview but ultimately chose to train elsewhere. 2) Development and strategic utilisalion of The Walter Carrington Archives continued apace in the period under review. building on efforts undertaken in the previous period lo acquire a thorough OV8rview ol the Archives. assels. Photographs lent to the Society of Tea¢her$ of the Alexander Technique (STAT) on a long-lerm basis years earlier were finally repalrialed lo the Archives, both in physical and digital forms (the latter purchased Irorn STAT by the WCET fof a very reasonable fee, amounting lo far less than the effort lo digilise the photographs anew would have cost). A new form was drafted lor Ilcensing photographs from the Archives, wllh policies mooted for thelr use across a range of media. It was agreed that this form should enquire into the intended use, and thal pnces can be decided on an ad-hoc basis. e.g. with discounts offered for individual teachers and higher prices defflanded of well-resourced corporations. 3) Increasing financial slability, if r)ot profitability, allowed for inits'atives lo lake place such as opening the CTC for regularly scheduled gratis visits by students from the Royal College of Music, who were invited lo experience the Alexander Technique training. many for the first lime. They brought their instruments. and il was remarked by more than one student that the Technique was revelatory in lemis of the difference it made in their playing.
The Walter Carrington Educational Trusl Company Registration Number - 07322855 Trustees. Annual Report for the year ended 31 July 2024 The maln achlevements and performance of the charity during the year. The period covered by this report was characterised by a number of ideas and initiatives taking hold and gathering momentum as the newest iterations of the CTC and WCET {i.e. since 2021) come into maturity. Fundraising, venue hire as a revenue source. the development and monelisation of the Archives, the readiness of the bursary fund for students in need and continued outreach to promote the authentic teachings of FM Alexander via Waller and Dilys Carrington were all areas of intense focus. The Board also considered. refined andlor codified a number of internal charity and financial- controls policies and procedures, ¢overing safeguarding,. financial reseNes.' complaints; serious incident reporting; inlemal risk management,. conflict ol interest., investment., and bullyin9 and harassment. As noted above, fundraising came more into focus this year, about which more below.
The Walter Carrlngton Educatlonal Trust Company Registration Number - 07322855 Trustees, Annual Report for the year ended 31 July 2024 Fundralsing activities during the year. The Trustees followed through on a resolution made in the period 2022-23 that a formal fundraising event be held lo benefit the bursary fund in part. The event was held on the occasion of FM Alexander's birthday on 18 January 2024, and was well attended and acclaimed. Students and teachers past and present performed scenes from Shakespeare's works, as well as music. and Ih8re was ample time for n8tworking and refreshments.11 was the first lime such an event had been held al the CTC, and feedback from attendees testified lo the effectiveness of such activitles in bringing greater awareness of the WCET'S activities in addition to bringing in funds. The charity collected £1.363.00 after expanses were recouped, equivalent lo the amount used by one Tecipienl of a bursary in a single year. The CTC also benefited from generous donations to the development of its website and lo the school improvement fund. Contad was Inltlaled between the Truslees, the CTC and a professional fundraiser (proposed in the previous period 2022-23 and followed up in 2023-24), who agreed lo consult gratis. Her advice was carefully received, and the Board acquired a better understanding of fundraising fundamentals Such as the importance of a 'good story,; approaches to soliciting donations at various levels (e.g. one-offs, lega¢ies}' consideration of subscripiion models; and how to manage events aimed at generating income. The Trustees next held earnest discussions al Board meetings with the CTC on the subject of additional fundraising evenings, continuing the tradition begun with the January 2024 event- thls time lo be held in May and June, in honour of Waller and Dilys Carrington's birthdays. These plans are ongoing. Further discusslons were held with regard lo staging a series of lalks al the CTC, as a means ol fundraising as well as promulgating the principles of Ihe Alexander Technique as laughl by FM Alexander and Walter and Dilys Carrington. It was also suggested that tslks could be recorded on video for distribution online. rho differonce the charll)Ps performance during the year has made to the beneficiaries of the ¢harity.
Tho Walter Carrlngton Educatlonal Trust Company Registration Number - 07322855 Trustees, Annual Report for the year ended 31 July 2024 AS noled above, the four-plus years since the new Board and CTC personnel were appointed have been witness lo a steady revitalisation of the Board's activities, as well as lo the knockwon effect this has had on the CTC,. moreover, the interaction beeen the WCET and the CTC has borne fruit in a number of ways. such as bringing expertise to the Board and benefiting from mutual collaboration. Strong WCETICTC cohesion has permitted a happy and productive teaching climate at the CTC, in which the work of FM Alexander and the Carringtons can be perpetuated as intended- especially important in an era in which so much Alexander Technique practi has tended to drift from its original principles. The sense of the WCET and the CTC being custodians of the original approach to Alexander Technique teacher training and pra¢ti¢e has been slrenglhened and noted especially in the period under review, and both charity and school - the legacies of FM Alexander and the Carringlons - shall reap the benefit as more graduates return to support the inslilulions that provided them with training that has remained undiluled since FM Alexander's and the Carringlons, heyday. Student numbers remained broadly balanced over the reporting period, though an increasing number of trainees are opting for part-lime training, which affects income. Posigraduale attendance showed an increase durlng the year, wllh a rise in oversea5 Students wishing to experience our classlcal approach. The degree to whlch the a¢hlevoments and perfomiance during the year hav• b•n8flted wld•r soel•ty. It beaTS repealing that if the Alexander Technique- as laught according to ils founding principles and their furtherance under Waller and Dilys Carringlon - is lo survive into the latter three-quarters of the enty-fIrSt century, these prlnciples must be underpinned by a strong commitment from both the WCET and the CTC to the growth and stability of each entity. The multiple points of focus in the period under review- fundraislng, Arthives cons01idalion. enriching the bursary fund. procedural and policy rigour across Board activities and steady earnings from WCET assets have been geared lo this objective. As more time passes, and as new strains in Ihe Alexander Technique community adulterate or negate Ihe original teachings - somelimes inadvertently, sometimes less so- It becomes a Matter of urgency lo safeguard the original prlnciples to whlch the CTC and WCET are heirs. The degree to which teacher training can continue on Ihe same foundations as laid by FM Alexander and the Carringtons is the degree to which the Alexander Technique land thus the WCET) can benefit wider society. There has aNvays been a strong sense of mission inbuill into Ihe workings of the WCET, but thls has never been more the case than in the present day. This point of view, gralifyingly, has been echoed by new and graduating studenls alike, endowing the future with greater hope that this slill-radi¢al form of (re-)edu¢ation can continue to change Iiv8S over generations lo come. Structure, gov•rnance and managomont of the Charlty The methods used to recrult and appolnt new charlty trustees.
The Walter Carrlngton Educational Trust Company Registration Number- 07322855 Trustses. Annual Report lor the year ended 31 July 2024 The cuffent structure of the Board has sepled il well. However, in the period under review, Treasurer Joanna Sleight announced that she would not be standin9 again in the following period. Thus the Chair and Secretary began considering her replacemenl as well as the possibility of adding one more Trustee, bringing in not only financial acumen but fundraisin9 or marketin9 expertise as we51. The ensuing period with therefore be critical. Bankers HSBC Bank Plc, 593-599 Fulham.Road. London. EIW 1YW Accountants Haescooper, Unit A, Farriers Courtyard, Spelmonden Road, Goudhurst, TN17 1HE
The Walter Carrington Educatlonal Trust Company Registration Number - 07322855 Trustees, Annual Report for the year ended 31 July 2024 Financial review The charitys financial position at the end of the year ended 31 July 2024 The financial position of the charity at 31 July 2024 and comparatives for the prior period, as more fully detailed in the a¢¢ounts, can be summarised as follows'.- 2024 2023 Not Income {8.629) 29,117 Unieslricled Revenue Funds availablè for the general purposes of the charity Unreslricled rèvaluation reservo 354,814 363,443 555,867 910.681 555.867 919,J10 Total Unrestrtcted Funds R85tricled Revenue Funds 11.100 11,100 Total Restrlcted Fund$ 11,100 Total Fund• 921,781 930,410 Financial revlew of the positlon at the reporting date, 31 July 2024 . During this reporting period, the Charity made a mi)dest loss, largely due to a reduction In venue hire income following the departure of some regular clients. In addition, several students graduated from the training course and have not yet been replaced. Nonetheless, there are encouraging signs of interest in future enrolmenls, and the Trustees remain hopeful that student number5 will recover In th8 coming y8ar. A rebrand of Ihe Constructive Teaching Centre is currently In planning, including the development of a new website. This initiative aims to improve clarity around the hislory and mission of both the teacher training course and the Trust. and to support future student recruitment. While Ghallenges remain, the Trustees are continuing lo monitor the charity's financial position closely and remain committed to careful stewardshlp of its resources.
Th• Walter Carrington Educational Trust Company Registration Number - 07322855 Trustees. Annual Report for the year ended 31 July 2024 Golng Concern At the time of approving the financial statements, the Iruslees have a reasonable expectation that the charity has adequate resources to continu8 in operational existence for the foreseeable future. Thus the Trustees Continue to adopt the going conGem basis of accounting in prepanng the financial statements. Avallablllty and adequacy of assots of each of the funds The board of trustees is satisfied that the charitys assets in each fund are available and adequate to fulfil its obligations in respe¢l of each fund. Slgnificant events which have affected the financial perfonnance and the financial position. The ongoing Cost of living crisis in the UK, with price rises across the board, do play a role in generating an added point of uncertainty, as did the general strikes and political upheaval of the previous year. All things being equal. however, the CTC has conlinued on ils course, weathering these faGlors. Plans For the Future Summary of plan$ for the future and the trustees, per8pe¢tlve of Iho future dlrecllon of the charlty. Conllnued refinemenl of fundraising initiatlves and more judicious and principled use of the Archives are in order for the foreseeable future, hawng proved successful in the period undei review. The bursary is well situated to assist one or more students in their training, and a rènewed search for candidal8s who can benefit in this way musl be undertaken in the period to come. Finally, as suggested above, the WCET'S adherence to the values on which it was founded- whlch are the same values upon which the Alexander Technique itself was founded - musl conlinue to remaln proud, sleadfasl and vlslble. more than ever.
The Walter Carrlngton Educational Trust Company Registration Number- 07322855 Trustees. Annual Report for the year onded 31 July 2024 Detai18 01 The Independent Examiner Emma Barty Memb8r of Chart8red Accountants and Tax Advisers Unit A. Farriers Courtyard Spelmonden Farm. Spelmonden Road Goudhufst Kent TN17 1HE Statement of the Dlrectors Truste•g' Responsibllilies The charilys 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. Nol1h51andin9 the explicit requirement in the extanl stalulory regulalions,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. Ihe Truslees delemiined lo inlerprel this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP {Stalement ol Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in Qctober 2018 and applicable to all accounting periods beginning on or after 1 sl January 2019), (The SORPI. In particular, the Companies Act 2006 and charity law requlre the Board of Trustees lo prepore financial statements for each financial year which give a true and fair view of the stale 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 Accountlng Practice (United Kingdom Accounting Standards and applicable law). select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prudenl., prepare the financial statements on tha goin9 concern basis unless il is inappropriate to presume that the charity will continue in business., state whether applicable accounting stsndards and statement5 of recommended practice have been followed, subject to any material departures disclosed and explained in the financial stalements., 10
The Walter Carrlngton Educational Trust Company Registration Number- 07322855 Trustees, Annual Report for the year ended 31 July 2024 The law requires that the trustees must not approve the accounts unless they are salisfied that they give a true and fair view of the state of affaits of the charity and of the surplus or defKit of the charity for the yèar. The Trustees are also responsible for maintaining adequate accounting records which disdose with reasonable a¢¢ura¢y al any time the financial position of the charty and which are sufficient to show and explain the Gharivs transactions and enable them lo ensure that the financial statements comply with the Companies Acl 2006 and comply with regulations made undef the Charities Act. They are also responsible for safeguarding the assels of the ¢harrty and hence for taking reasonable steps for the prevention and deteclion ol Iraud and other irregularities. The Trustees are also responsible for the contents of the Trustees, report. and the statutory responsibility of the Independenl Examiner in relation lo the Trustees, report is limited to examinin9 the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements. Method of preparatlon of accounts - Small company provi8lon8 The financial statements are set out on pages 13 to 31. The financial statements have been prepared implementing the FRS 102 SORP (Stalement of Recommended Practs'ce for Accounting and Reporting by Charities) 2015. (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning or) or after 1 st January 2019), (The SORP). and in accordance with the Financial Reporting Standard 102, (effectivè 1 st January 2016) These financial statements have been prepared in accordanc8 wlth the provislons 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 15 April 2025. MITCHELL ALBERT Director and Tfu51ee
INOEPENDENT EXAMINER'S REPORT TO THE TRIISTEES OF THE WALTER CARRINGTON EDUCATION TRVST I r•portan thè tawJnis of th• eoNyNy for th• y•ar•né•d 31 2024. ara lei oul OA pagai 1110 31. Ro¥pe¢thio r•gponglbdfjS of trte•S and examkn•r The 1rnstee$ (wfio 4r• 8150 tho dIr•¢X5 ollhe wrnpany lortho puw50501c•mpany Iwl wp rpipon$ible lty Ihe prewats¢fi of lh• ¢u. Thè ch INgt808 Njnslow th•14n 8udlt 58 Mt rwlr¥d lor ihls undw $o¢doTh IW21 Of Ch•rfU•SAd 1011 Ilh• Z011 Adl •nd •n lfvJ•wd•ni •x8minai 18 nee¢J8d. Han9 salMied mysewthal Ihe (knarityi5 not $ubje¢a lo audit vndei Part 16 of th C¢mpaniÈ$AL 26 )d Is ar1t4t for independent•xanlnatSon, 61 Isffly respons5lityto". •xamlne the •ccwn18 undor 145 01 th• 2011 Ad., e••1• ol Ind•p•nd•nt•x4mln•f• r•pvrt examlnaoon was carA8d in ac¥xrfdafic8 %th the Gera1 01recli8n by th8 Ch•tCommlscfi. examination indudEsa re¢wl the t£trJnting rntttrds kObythe tharty and a t4)mpisom of thè acc4)unis vÈseni those reeofd8.11 also indudes olany unusual Items or lsdosures iry Ihe ac¢ounls, and Ihe seekin9 of elanaon$ trom you J$ tsu¥l•¢$ ¢on¢xminp any Auch Mlars. Th PfOC8dures undertaken do noi Pde al lh• •vl¢J•nc• Il•lThld b• r•qulrnd In In •udll 4nd. con¥•qu•nlly. no l• glwn •1 irtpth•r th? •¢¢4unt• y•a•nl 'lru• 1nd1•s¥ ind lh• f•port l• Ilmii•d 10 Ihts mitt•rn £11 oul IA th• i1•MIAl Indop•nl•ht •xamln•l• $t•tsrn•nt nn•¢don ith ffly èxafflln8UoTh. no m•tt•r ha6 ¢oiiie lo my #tt•nllon'. whl¢h m• r••i&i•tA• cau1• to b•11• thal, In any m•rtI rwp•d, th• r•quk•m•nii'. - lo k••p I•rdI In 4th ollhp Conwnl•¥ Ad 2Cb)e., 4rt4 lo prgp•rv •¥c4unl• whlth •r<4rd wllh lh¢ wthnbrvd r¢¢ordi. Mm[ih Ihe 8¢¢ouniing requlr8manis o1s8cU¢n 398 ollhe Camp•hl•iAd 2th1 •ndllh th• m•th¢ds Ind pp1•s)1th 8lii•m•ni RI¢0MmIndlO Prn¢', Chartll• S¢)RP FR$ 102 hab nol b••n mel.. or lovthkn. In my att•nUon thould b• dra In ord•rto •n•èl• • pmp•r undjrtwlng Dlth• K¢tyJr 10 b• r•a¢h• Emma Baty FCA CTA HaesCopper& As50dalp$ Lld UnllA, Coutya Sp*lmond•n Fann, Sp•1Md• Ro•J Oou¢Jhurnl K•nl TN17 IHE 15th Aprfl 202S 12
The Walter Carrlngton Educatlonal Tru8t- Statement of Flnancial Actfvitios for th• y•ar ended 31 July 2024 Statement of FlnanclalActlvltles (Ineludlng the Income and Expendhure Account for the year ended 31 July 2024. as requlred by the Companies Act 2006) Cuff•ntyear Unr•$tri¢tsd Funds CuTh•nt yaar R•stri¢t•d Fund• Curr•nt yoar Totsl Fuhd• Prior Yr Tolal Fund• 2024 2024 2024 7023 Intom• & Endowmonts Ir(trm: Donallons & Legacles CharSlable activilles Inveslments Other A1 7.488 37,922 244 1.583 7,468 37,922 244 1,683 7,604 68,816 A4 AS 9.008 Total In¢om• 47.217 47,217 8S.522 Exp•ndlturn on: Ral$lng fund$ Charilable activities Other 81 82 83 420 SS.426 420 65.426 58,405 Tot•1 •xp•ndliur• 66,148 56,846 $8.40S N•t Incomo for th• y•ar 18.629 18,6291 19,117 N•t Incom• *ft•r tran•f•rn 18.6291 18,6291 2•.117 Oth•r r•¢oonl••d g#InlI0••I Net gains on revaluation of fixed assels D1 N•t mowm•nt In lund• 18,6291 18.6291 2•,117 R•¢on¢lllatlon Qf fund•:. Totsi fund• brouohi lorw•rd 919,310 11,100 930,410 901.293 Total fund• carrhd forw• 910,U1 11.100 921,711 930,410 The'SORP Ref indicated above is the classffjcalion ol income Set out in Ihe fonnal SORP docurnent5. As required by paragraph 4.60 of the SORP, the bioughl lOard and Garried loard fvnds abtsve have been agreed lo the BalaTKe Sheet. All actlvltles d•rlv• from ¢onlnulrwJ opefg1ion$ Th• not•s attached on pages 18 to 31 an inlogral part of thgsg accounts. 13
Tho Walter Carrington Educatlonal Trust - Statement of Flnancial Actlviti08 for tho year ended 31 Juty 2024 Prlof Year prtor Y•ir Prlor Y•ar Totsl Fund SORP Ref Unro•trtctod Funds 202J R1clod Fund8 2023 X2J Incom• & Endowm•nt• from.. Donations & Legacies Charitable acVIlIeS Other trading actiwties InStmentS Other A1 3.620 68.818 3,984 88.818 A3 A5 9,008 Total In¢om• 81,538 3,984 85.522 Exp•ndltur• on: Raislng funds Charltable actlIeS Ot1 Tox on Surplus on ordin•ry activibes Oth•r taxatlon B1 B2 B3 B3 83 58,405 66A06 Totsl •xpondltu 66,406 Nel gains on Investments B4 M•t In¢om• for th• y••r 25,133 3,984 29.117 Trnn810rn b•tw••n funds Not Incom• •ft•r tr•n8f•rg 25,133 3,984 29.117 O¢h•r r•¢o9nb••d oaln•lllo••MI Nat galns on r8valuatlon of Ilxgd assots 01 N•t mov•m•nt In lunds 25,133 3,984 29,117 R•¢on¢lll*tlon of fvnd•:. Total funds brought forward 894,177 7,116 901,293 Total funds carrl•d fopward 919,310 11,100 930,410 All activities derive from continuing operations Tho notss atta¢hod on pages 18 to 31 forn) an integral part ol these accounts. 14
The Walter Carrlngton Educational Trust- ststemént of Flnanclal Actlvltles for thè year ended 31 July 2024 The Walt•r Carrington Educational Trust InGome and Expendlturè Account for tha yèar ended 31 July 2024 as Mqulréd by the Companies Act 2006 2024 2023 In¢ome Income Irom operations Interest rerEivable Other operating income 45,390 244 1,583 76,420 ro$$ In¢om• Sn th• y••r b•lor• •XP110n•I It•m$ 47,217 85.622 GM•• Incom• In th• y••r In¢ludlng •x¢•ptSonal It•m• 47,217 85.S22 Exp•ndltur• Ch8rSlabte exp8ndlt(tre, oxdudlng depredaty'on and aM0SaIlOn Deprgdation and amorfl$ation Goveman cost8 55,089 397 360 55.929 116 360 Total •xp•ndltur• In the y•ar 65.846 56,405 N•t In¢om• b•for• tax In th• Ilnthn¢l*l ymr 18,6291 29,117 Tax on $urylu8 on ordlnary acllvitloa N•t Incom• •ft•r tsx In th• flnan¢lal y•ar {8,6291 29.117 R•Liinod •urplu8 for th• financial y•ar 8,629 29.117 All 8¢livitie$ derive from continuing operations In aCCOTdance with the provisions ol the Companies Act 2006. Ihe headlngs and subheadings uMd In th& Income and Expen(Jllure a¢¢ounl hgve been adapted lo reflect tho $peoal nature of Ihe charivs aclivilies. The note• attach•d on pages 18 to 31 form an int•gral part of th•s• accounts. 15
Th• W4ftor Carrington Educational TruJt- Balanc• Sh¢ot as at 31 July 2024 SORP Note Ref 2024 2023 Flxed assets Tangible assets 903.299 902,096 Current a$g0ts stocks 11 B1 2,394 2.325 34.775 2,394 1,760 52,994 Debtors Cash al bank and in hand 12 B2 Totsl current assets 39.494 S7,148 Credltors: amount• falllng du? wlthln on• year 13 C1 16,648 113,2091 N•t current ass•ts 32.846 43.939 936.145 946,035 Net assets Creditors.. amounts falling duo after more than ong year 14 C2 114,364) 11 S,825} The total n•t assots ol lh8 ch•rlty 921.781 930,410 Th• totsl net os$•t$ of th• ¢h4rlty ¥r• fund•d by tho funds ol tho charity, as follows:. Reitrlct•d fund• Reslrlcled Revenue Funds 20 02 11.100 11,100 11,100 11,100 Unro8trl¢t•d Funds Unre$lricled Revenue Funds Unreslricled Revaluation Reserve 20 D3 354.814 555.867 363.443 555.867 20 04 910,681 919,310 O•slgnated Funds Total Charlty funds 921.781 930,410 16
The Walter Carrington Educational Trust- Balance Sheet as at 31 July 2024 The 'SORP Ref indicated above is the classificalion of Balance Sheet items as sel out in the fomial SORP documents. As required by para9raph 4.60 of the SORP, Ihe brought forward and carried forward funds abovè have been aged lo the SOFA The director$ aro $allsfiod that Iho company 1$ Onlitled lo exemption from the requirement to obtain an audit under Section 477 of the Compani8$ A¢1 2006. The members have not qUired the Company to obtain an audit in accordance with section 478 of the Act. The dlreclors acknowledge Ihelr responslbililies lor complylng with thè requiT•ments of th• Companlos A¢1 2006 with respect lo accounting recoids and Ihe preparation of accounts. The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 12. Th8 fln8nclAI stat•m•nts have been prepared in accordance with the provl8ions in Part 15 of the Companies Act 2006. applicabl8 lo companies subject to the small companies regime. MITCHELL AL8ERT Trustee Approved by the board of Irusl¢e$ on 15 April 2025 The notes attached on pages 18 to 31 form an Int•gral part of the$• accounts. 17
The Walter Carrington Educational Trust Notes to the Accounts for the year ended 31 July 2024 1 Ac¢ounting pollcles Pollcles relating to the production ol th• accounts. Basis of preparation and accounting ¢onvontion The accounts have been prepared on the •¢cruals basis, under the historical cost convention, and in accordance with the Financial Fleporting Standard 102, {gffeclive 1$1 January 20161 and 'FRS 102 SORP Islalemenl of Recommended Pra¢li¢e for A¢¢ounling and Reporting by Chariliesl 2015, las amended by the Bulletsn issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORPI. ptjblished by the Charity Commission in England & Wales ICCEWI , effective January 2016. and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charily has prepared the financial statements in accordance with the FRS 102 SORP Islalemenl of Recommended Practs'ce for Accounting and Reporting by Charilie$l 2015. las amended by the Bulletin issued in October 2018 and applicable lo all accountin9 pefiods beginning on or after 1 $1 January 20191. (The SORPI, in Pfeference lo the previous SORP. the SORP 2005, which ha$ boen withdrawn, novilhSI8nding the fact that the exiant slalulory ¥e9ulalions, the Charities {Accounls and Reports) Regulations 2008 refer explicitly lo the SORP 2005. Thls has been done lo accord with current best practice. Golng Concern The charitable a¢liviti88 are entirely dependent on continuing grant aid and voluntary donations as well a6 trading revenue5. A5 a consequen¢e, the going ¢on¢em basis Is dependent on the future flow of Ihese uncertain funding streams. Accordingly. the Truslegs have obtsin¢d lore¢asts and, after reviewing the financial forecasts for future period5 to 30 June 2021, the Trustees ar¢ salisfied Ihal. al thè time of approvlng the financial slalemenls. il is appropriate lo adopt the going concern basis in prop¥rlng the finan¢lal $lalemenl$. Other than lttese matters, the Trustees are not awar• of any m•l•rlal un¢ertainite$ oboul the ¢harity'$ abllity lo ¢onlinu¢ as a going concern. RSJks and futur• assurnptlons The charity is a publiG berbefil entlty. Policies relating to categories of Income and Income recognition. Aecountlng lor dolerred Incomo and Incorno rg¢•lv•d Sn advan¢0 Where temis and conditions Telaling lo income have not been mel or un¢8rtainty 8xists as lo whether the charity can meet any lemis or conditions olherwi8e within ils control, income is not r•¢ognised but is deferred as a Ilabllity unlll it Is probable that the terms or condilions imposed can b8 mal. Any 9ranl that is subject lo perfomiance-relaled conditions received in advance ol delivering the goods and seryico9 required by that condition. or is subject lo unmel conditions wholly outside the control of the recipient charity, is attounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-relaled or other conditions that limit recognition are mel. When Income from a grant or donalSon has not been recogni$ed due lo tha conditions applylng lo the glft not belng wholly within the control of the recipient ¢harity, il is disclosed as a ¢onlingent asset if receipt of the grant or donation Is probable once those conditions are mel. 18
The Walter Carrington Educational Trust Notes to the Accounts for the year ended 31 July 2024 Where lime related condilion5 are imposed or implied by a funder, then the income is apportioned to the lime periods concerned,and, where appli¢oble, 1$ a¢¢ounled for as a liability and shown on the balan sheet as d6ferr8d income. When grant$ are received in advance ol the expenditure on the aGb"vity funded by them. but there are no specific time related conditions. then the income is not deferred. Any condition that allows for the recovery by the donor of any une¥pended part of a grant does not pVent cOgnItion of the income concemed, bul a liability lo any repayment is recognisod whon repayment bo¢omo8 probablo. Donated goods, fa¢iliti•s and $ervic•s Donated fixed assets are recognised al the current lair value. All such donations ar8 recogni6ed as donation income. and debited lo lix¢d assots. Donated goods that are not fixed assets are accounted for at a fair value. unless it 1$ impracli¢al lo reliably measure the value of the donale(l item$. In Ihe 8b$en¢e of any direct evidence of fair value of donaled 9ood9, then • value 1$ derived from thè eosl of th6 Il•m lo the donor or, in the ¢ose of goods that are expected lo be sold. the estimated Sale value after deducting any anticipated ¢osl$ of sales. 11 il Is impracticabl8 lo measure the fair value of goods donated for rgsjle, or tho cost$ of valuallon oulweigh the benefits. the donatod goods ar8 r•¢ogni$•d •$ incom• wh•n Sold, wllh an •qulvalènl amount bèlng r•cognl8•d a$ an expense. The costs of good$ donalad for distribLslion lo beneficiarias is deemad lo bé thé fair value of thosè goods upon reeeipl. When the goods ore di$lribuled freely or for • nomin81 ¢onsideralion. then the carrying •mounl is adju$l8d at th• lim• of sala. lo thè value at thè polnl of dislribullon and thè adluslmènl is shown as 8 cost ol donations made. Th• carying smounl ol Any stock h•ld for dl8lribulion is 8ss•ssed lor Impaimient 91 the feportlng dale. All donated goods are recognised a6 donation income, and debited lo trading 8lock.when Iradlng stock18 subsequenmy 801d, or appropriated lo meel an expense, then the carrying value ol the stock is recognised as an expense. In accordan¢e with the SORP, goods donated for distribution to beneficiaries, or for consumption by the charity are included in 'legacies and donations, Good$ donated for R$ale are in¢luded in 'ln¢ome from other trading 8¢tivities' The cost 018ny Stock ol goods don¥led lor d15tribullon lo beneficlarles 1$ deemed lo be the lalr v•lue of those 94ft8 al the lime Of their re¢eipl. M tho good$ hèld are lo bo distributed freely or for a nominal consideration, then thè carrying amount is subsequenlty adjusted lo reflect the lower of deemed cost adjusted for any loss of $ervice potèntial and replacement cost. Replacemenl cosl is the econornic cost incurred if Ihe charity was lo Tepla¢e the 8eN¢e potential ol th• donated good$ #l ils own expen$0 in the most economic mannor. Donated s•rvl¢os •nd la¢illties lirtcluding seconded staff and use of propoty) are includod In tho a¢¢ounts on the basls of th• value of the gfft lo the chadty. All donated services and lacllilies are recognised as donation income when recelved.{provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value. 19
The Walter Carrington Educational Trust Notes to the Accounts for the year ended 31 July 2024 Policies relatlng to expenditure on goods and seThices pmvided to the charity. Rgcognition of liabilitios and oxp•nditur• A Ilability. and the related expenditure. is recognised when a legal or constructive obligation exists as a resull of a past event, and when il is more likely than not that a transfer of economic benefits will be required in settlemenl, and when the amount ol the obligation Can be measured or reliabFy estimated. Liabilities arising from future lunding commitments and conslrucbve obligations, including perfornance related grants. where th8 liming or the amount of thè future expendllure fequifed lo settle the obligation are uncert8in, give rise to provision in the accounts, whi¢h 1$ reviewed al the accounting year end. The provision is increa8e¢J lo reflect any increases in liabilities, and is decreased by the ulilisallon of any provision within the period, and reversed rf any provislon is no longer required. These movements are charged or credited lo the respective funds and aclivilies lo which the provision relates. Pollcles relatlng to assets. liabilities and provlslon$ and other ma¢t•rs. Tanglblo Ilxod assets Tongible fixed assets are mèasured al Ihelr original cost value. or subsequent revaluallon, or rf donated, •J d8scribed abov0. Co$1 volue Includes all Msts expended in bringlng the asset Into its intended worklng condition. Oepre¢iation has been provided al the following rates in order lo write off the assets lo their anticipated residual value ovor their ests"maled useful lives. Freehold land and buildin95 Plant and machinery Fixtures and fittings revalued •v•ry S yrs 33 % reducing balance 25 % reducing balance A regular annual revlew ol ihe Ilkellhood of asset impalmienl is undèrtaken. 11 any such Indlcalion •xl$ts, tho rever0ble amount of the asset is estimated in order lo delermine the extent ol the impairynenl loss {if any). Stocks and worl( in progr•g8 Stock18 Vall al the lower of cost and nel realisable valuo. Debtors Debt0 are measured al their recoverable amounts al the balance sheet dale. Cr•dltor$ Trade ¢redilors are obligation$ lo pay for goods or servlces that have been acquired in the ordinary course of operation¥ from suppliers. Amounts payabk are Classed as Current liabilities if they are due within one year or less. Trade creditors are recognised al transaction price. Cash and banlt balanceg Cash held by thg charity 1$ included at the amount actually held and Counted at the year end. Bank balances. ivhelher in credit or overdrawn, are Shown al the amounts properly reconciled lo the bank statements. 20
The Waltor Carrington Educational Trust Notes to the Accounts for the year ended 31 July 2024 Fund Ac¢ountlng Unrestricted funds are available for use al the discretion of the trustees in lurtherancè of the general objectives of the charity. There are no desi9naled funds. which are unrestricted funds eamiarked by the Trustees for particulai purposes. Restricted funds are subjected lo reslriclions on their expenditure imposed by tho donor or through thè terms of an appeal or as implied by law. Th•r• are no andowm•nl fvnd6. 2 Liability to tsxation The Trustees consider that the charity sa11sf$ the tests sel out in Paragraph 1 Schedule 6 of the Finance A¢t 2010 for UK corporation lax Pufposes. Accordingly, the Charity is potentially exempt from laxalion in respect of income or ¢#pilal gains received within categor$ covered by chapter 3 part 11 of the Cofporalion Tax Act 2010 or Secllon 256 01 the Taxation of Chargeable Gains Act 1992, to the extent that such income of gains are applied exclusively on the specific charitable obj8cts of the charity and for no other purpose. 3 Wlndlng up or dls•olutlon of tho ¢harlty If upon winding up or dissolution of the charity there remain any assets. after the satisfaction of all debts and liabilrties, the •$sel$ repSented by the accumulatad fund shall be Iransf8rr8d lo some other charitable body or bodies having 8lmi18r obl8c18 to the charlty. 4 Signlficance of financial instruments to tho charitys position Them are no slgnlficant Impllcallons ol flnanclal instruments lo the ch8rSty'8 P085110n. S Net surplus before tax in the financlal year 2024 2023 The net surplus before tax in the financial year is slated after charging'.- D8preci•lion of owned fixed assets 397 116 21
The Walter Carrington Educational Trust Notes to the Accounts for the year ended 31 July 2024 6 Staff costs and emoluments The esllmaled full lime equivalent number of all staff employed Fn tho year w The e$tima¢edequlvalent number of full tlme staff deployedln dlfferent actlvldes In the year was... Engagad on chafitabla a¢livilies Engaged on management and adminislralion Th• •$dmated full tlm• •quiv•lent number of •ll $¢8ff •mploy•d •s •bovo Neither the Iruslees nor any persons connected with them have received gny remuneratSon from the charity or any related entity. either In the current or prlor year. No employees recelved emoluments {excluding penslon cosl$l in excess of £60.000 per annum. Highest paid employee The remuneration in the year year was 15,682 15,228 Total remun•ratlon packag• Includ•d In total salari•s 8bov• 16,682 15,228 7 Defined benefit pension scheme The charity doos not OPorale$ a dofin•d benefit pension sch8me. 8 Remuneratlon and payments to Truste¢$ and per¥on8 connected wlth them No trustees or persons ¢onne¢ted with thom received any remuneration from the charity, or any relalad entity. 22
The Walter Carrington Educational Trust Notes to the Accounts for the year ended 31 July 2024 9 Tangible fixed assets Current Year Land and Bulldln9• Computer Flxtures •qulpm•nt •nd Ilttlng$ Tolal Cost At 1 August 2023 Additions 1.153,575 2,138 1,600 1.075 1,156,788 1,600 At 31 July 2024 1.153.575 3.738 1,075 1,158,388 Depreciation At 1 August 2023 Charge for the year On di$po$41$ 253,575 98 383 1,019 14 254,692 397 At 31 July 2024 253.575 481 1.033 255,089 Net book value At 31 Juty 2024 900 000 42 903.299 At 31 July 2023 900,000 2,040 56 902,096 Prlor Year Land and Bulldlng Comput•r Flxtur•$ equipment and fitting• Total Cost Al 1 August 2022 Additions 1.1 $3,575 1.075 1.154.650 2,138 2,138 At 31 July 2023 1,153.575 2,138 1,075 1.156,788 D•pr•¢latlon At 1 August 2022 Charge for the year On dlsposals 253,575 1,001 18 254,576 118 98 At 31 July 2023 253,575 98 1.019 254.692 Not book v•luo At 31 Juty 2023 900,000 2,040 56 902.096 At 31 July 2022 900,000 74 900.074 23
The Walter Carrington Educational Trust Notes to the Accounts for the year ended 31 July 2024 10 Investment poollng schemes and arrnngements Ther8 are no investment pooling schemes opertalin9 within the charity. 11 Stocks & Work In Progr•$$ 2024 2023 Stocks before write downs 2.394 2,394 2,394 2,394 12 Debtors 2024 2023 Trade debtors Prepayments and accrued incom& Other debtors 349 1.976 1.760 2.325 1,760 13 Credltors: amounts falllng du• wlthln onè y•ar 2024 2023 Bank loans and overdrafts 3,117 2.688 3.117 6.657 117 228 3.090 Trade ¢redilors A¢cruals PAYE, NIC VAT and olhor taxes Other ¢dItorS 6,648 13.209 24
The Walter Carrlngton Educational Trust Notes to the Accounts for the year ended 31 July 2024 14 Creditors: amounts falling due after one year 2024 2023 Bank loans and overdrafts 14,364 15,625 14,364 15.625 15 Loans to trustees included in debtors There are no loans to trustees included in debtors. 16 Guarantees mado by the charity on behalf of trustees There are no guarantees made by the chanty on behall ol tru8l•es. 17 In¢om• and Exp•nditurn account Summary 2024 2023 At l August 2023 Surplus after lax lor the yo•r 374,543 18,629) 345,426 29,117 At 31 July 2024 365,914 374.543 18 No related party transactlon• There were no transactions with related partie5 in the year. 19 Particulars of how particular fund8 are represented by assets and liabilities At 31 July 2024 Unrnstrlc¢•d O•Jlgnat•d fund$ R•strlc¢e T•tsl nd8 funds Fft8 Tangible Fixed As$el$ Current Asse15 Curont Liabil1 Long Term Liabililtes 903,299 28.394 {6,648> 114,3641 903.299 39.494 (6.6481 {14.3641 11.100 910,681 11,100 921,781 25
The Walter Carrington Educational Trust Notes to the Accounts for the year end•d 31 July 2024 At 31 Juty 2023 Unr•strlct•d funds Designated fund$ Restri¢tsd funds Total Fund6 Tanglble Fixed Assets Current Assets 902.096 46.048 {13.209) {15.6251 902,096 57.148 13.209) 115.625) 11.100 Current Liabilities Long Temi Liabilities 919.310 11,100 930.410 20 Change in total funds over the year as shown in Note 19 , analysed by Individual funds Funds bfouqht Mov•m•nl in lopward Irorn lund• In 2024 2023 Tran•l•r• Fund$ carrl•d b•lwfj•n I0•rd to lunds In 2024 2025 S•• N¢)t• 21 Unrn$trl¢t¢é and deslqnated funds... Unreslrlcted Revenue Funds Unrestricted Revaluation Reserv• 363,443 555.887 18.6291 354.814 555,867 Total unrnstrictod and d•slgnatod funds 919.310 8.629 910.681 R•gtrl¢t•d funds... Re$lri¢led fund 3,426 3,426 Totsl r•stri¢t•d funds 11,100 11,100 Total charlty funds 930.410 8.129 921,781 21 Anatysis of movements In funds over tho year a$ shown in Note 20 Olh•r Incoffl• Exp•ndltur• G•lni & 0M•nt Lo$se• in lunds 2024 2Q24 2024 2024 Unr•strl¢¢•dand degign•t•d funds... Unffjslricled R¢venu8 Funds Restricted Revenue Funds 47.217 155,8461 18.8291 47.217 55.846 8.629 26
The Walter Carrington Educational Trust Notes to the Accounts for the year ended 31 July 2024 22 The purposes for which the funds Unrestrlcted and designated fvnds... Unreslficled Revenue Funds Theso lunds aro hold for the m••tlng tho objeclivos of tho Charfty. and lo provide reserves for fvlure a¢tsvilie$, and , 8ubje¢t to charity189islation. are free IroTn all restn"ckn"ons on their use. Re$tri¢f•d funds... Reslrl¢ted lund The$• fvnds are subjected lo re$lri¢lions on Iheif expendilure imposed by the donor or through th• t•rm$ ol an appèal or ag impllad by law. 23 Ultimate controlling party The charity is under the control of Its legal members. 27
The Walter Carrington Educatlonal Trust Detailed anatysis of income and expenditure for the year ended 31 Juty 2024 as requlred by the SORP 2015 Th1$ anatysls 1$ classsiffftd by conventional nominal descriptions and not by activity. 24 Donatlon8, Grants and Legacies Currnnt year Unrnstrlet•d Funds Current year Current year R•strlct•d Total Funds Funds Prlor Year Total Funds 2024 21124 2024 2023 Oonatlons and glfts from Indlvlduals Small donations individually less than £1000 7,468 7,468 7,604 Total donations and glfts Irom Indlvlduals 7,468 7,468 7.604 Curr•nt y••r unmittt•d Funds Cuff•nt y••r Curr•nt y•ar R•strlct•d Total Fund• Fundg Prlor Ymr Totsl Fund• 2024 2024 2024 2023 Oth•r Incom¢ Total Oth•r Inc(rn• Curr•nt y•ar UnMtrl¢t• d Fund Currnnt yèar R•*irS¢l•d Fund• Current yèar Total Fund• Prlor Y•ar Tot•1 Fynd• 2024 2024 2024 2023 Gov•rnm•nt grant$ Total Gov•mm•nt grants Total Donations, Gr4nts and Legacies A1 7,468 7.468 7,604 28
The Walter Carrington Educational Trust Detailed analysis of Income and expendire for the year ended 31 Juty 2024 as required by the SORP 2015 25 Incomo from charltsble actlvlties - Trading Activiti08 Currentyear Curr¥nt yèar Unrestricted Funds Currènt y•ar Currènt year Restricted Total Funds Funds Prlor Year Total funds 2024 ZQ24 2024 2023 Prlmary purpose and anclllary tradlng Course fees and venue hi 35.527 1.107 35,527 1,107 67.961 855 Sale of books and DVDS Total Primary purposo and anclllary tradlng 37,922 37,922 68,816 26 Oth•r incom• and gain• urr•nt yr Unr•*¢rlctgd Funds Curr•nt y••r Curr•nt y••r R•J¢rlct•d Tot•1 Fund• Fund$ Prlor Y•ar Tolal Fund• Current year 2024 2024 2024 2023 Book royalty Income Sundry other income 206 8,802 1,419 1,419 Total oth•r In¢om• 1,683 1.583 9.008 27 Expendlture on ¢harltable a¢tlvltle$ - Dlre¢t 8pendlng ¢urr•nt y•ar Unrg¥trlct•d Fund$ Curr•nt y•ar Curr•nt y•ar Rey¢ri¢t•d Total Fund• Funds Prlor Y•ar Totol Funds Current Year 2024 2024 2024 2023 Guest lectur9 Stock Po$lage for book $ale$ 110 110 126 558 60 126 Total Direct Spending B2a 236 236 616 29
The Walter Carrington Educalional Trust Detalled analy818 of Incorne and expenditure for the year ended 31 Juty 2024 as requlred by the SORP 2015 28 Support cost• for charltable a¢tlvltle8 Currnnt y•ar Unrestricted Funds Curnent year Restricted Funds Curr¢nl yvar Total Funds Prlor Y¢4r Total Funds Current Year 2024 2024 2124 2023 Employee costs not Included In dlre¢t costs Siaff costs Travel and subsistence- stsft 32,933 32,933 37.839 113 Premises Expenses Property costs Premises repairs, renewals and maintenance 12.718 12,718 11,317 3,122 3.122 1.871 Admlnlstratlve overheads Telephone, fax and inlemet Printing, postage and slallon•ry Equipment expenses Softwar8 licences and expenses Advertising and website Insurance Sundry exp8nse8 Accountancy fees 839 92 80 639 92 80 1,030 723 339 373 1.406 723 339 373 1,406 197 683 536 1.408 Financlal costs Bank Charges and loan interest Depreciallon 2.008 397 2,008 397 177 116 Total 8UPPOrt ¢ost8- Current Year 54,830 54,830 55.429 The basis of allocation of ¢o$ts between activities 1$ do$cribed under a¢¢ounling poli¢i6s 30
Tho Walter Carrington Educalional Trust Detalled anatysls of Income and expenditure for the year ended 31 July 2024 as required by the SORP 201S All the expenditure in the prior year was unrestricted. 29 Other Exp•nditur• - Gov•rn•n¢o ¢o•ts Current year Unr•strlcted Fund• Current year Current ar Restricted Total Funds Fund• Prlor Y•ar Total Funds Currnnt Year 2024 2024 2024 2023 Ind¢pendenl Examin¢fs f¢e$ 360 360 360 Total Governan¢e Costs 360 360 360 All tha expenditure in the prior year was unrestricted. 30 Total Charitable expenditur• Cuvrnni y••r Unr••trlcled Funds Cufftnt y•*r Cuff•nt y••r R••trS¢t•d To¢al Fundl Fundg Prlor Y••r Totsl FunOJ Current Year 2024 2024 2024 2023 Total Dlrecl spendlng Total support ¢osl$ Total Governance costs B2a B2d B2e 236 54,830 360 238 54,830 360 816 55,429 360 Total charltable expendlturo 55.420 55.426 56,405 All the 8xpenditura in the prior yeaf was unrestricted. 31