Radnor Charitable Trust Annual Report 2022-2023
The Trust since covid has been ticking over. The School, of which the Radnor Charitable Trust is the bursary fund, has announced that the school will be moving site, the date of which this will happen is uncertain which has left the Trust in an uncertain position. The owners of the school, Duke’s Education which to create a group bursary fund, which has left the fund deciding to maintain bursaries for the next couple of year and then the main ‘group’ bursary fund will take over issuing bursaries.
The income from the donations from parents and from the staff carpark contributions is providing enough income to maintain the current bursaries of the two pupils in Year 10.
The Trust has shares and are in the process of attempting to sell these shares, this should bring £20,000 income on top of the original £20,000 investment.
Trustees will continue to offer bursaries to applicants in the Sixth Form should there be any suitable candidates.
Claire Wood
Secretary to the Radnor Charitable Trust
11[th] June 2024
Bursary recipients EL AS
% Bursary timescale 50 Y7 - Y11 ends August 2024 25 Y10 & Y11 ends August 2024
1st September 2022 to 31st August 2023
Date Type Description 01.09.2022 Opening balance 05.09.2022 Online Donation: Mr and Mrs Amey 13.09.2022 Online RCT Autumn Term Fees: EL 13.09.2022 Online RCT Autumn Term Fees: AS 14.10.2022 Credit Donation: Mr and Mrs Amey 31.10.2022 Charges Bank charges 31.11.2022 Charges Bank charges 14.12.2022 Credit Radnor House: invoice & carpark donations 14.12.2022 Online RCT Spring Term Fees: EL 14.12.2022 Online RCT Spring Term Fees: AS 12.01.2023 Dividend Alliance Trust 31.01.2023 Charges Bank charges 28.02.2023 Charges Bank charges 31.03.2023 Dividend Alliance Trust 05.04.2023 Dividend Alliance Trust 13.04.2023 Cheque Charges for sale of shares - Computershare 28.04.2023 Charges Bank charges 31.05.2023 Charges Bank charges 15.06.2023 Online RCT Summer Term Fees: EL 28.06.2023 Credit Radnor House: invoice & carpark donations 30.06.2023 Dividend Alliance Trust 10.07.2023 Online RCT Summer Term Fees: EL 31.07.2023 Charges Bank charges 31.07.2023 Online RCT Autumn Term Fees: EL 31.07.2023 Online RCT Autumn Term Fees: AS 31.07.2023 Online LEI Register - admin for sale of shares 31.08.2023 Charges Bank charges
Closing balance
Income Expenditure
Page 1
Remaining commitment as at 20.03.2024
�7,950.00 �3,975.00
| Paid In | Paid In | Paid Out | Paid Out | Balance | Balance |
|---|---|---|---|---|---|
| � | 115,229.38 | ||||
| � | 2,229.00 | � | 117,458.38 | ||
| � | 3,715.00 | � | 113,743.38 | ||
| � | 1,857.50 | � | 111,885.88 | ||
| � | 4.00 | � | 111,889.88 | ||
| � | 1.05 | � | 111,888.83 | ||
| � | 0.35 | � | 111,888.48 | ||
| � | 8,582.95 | � | 120,471.43 | ||
| � | 3,715.00 | � | 116,756.43 | ||
| � | 1,857.50 | � | 114,898.93 | ||
| � | 189.42 | � | 115,088.35 | ||
| � | 1.05 | � | 115,087.30 | ||
| � | 0.35 | � | 115,086.95 | ||
| � | 252.42 | � | 115,339.37 | ||
| � | 504.84 | � | 115,844.21 | ||
| � | 44.00 | � | 115,800.21 | ||
| � | 0.35 | � | 115,799.86 | ||
| � | 4.90 | � | 115,794.96 | ||
| � | 3,715.00 | � | 112,079.96 | ||
| � | 15,615.66 | � | 127,695.62 | ||
| � | 260.00 | � | 127,955.62 | ||
| � | 1,857.50 | � | 126,098.12 | ||
| � | 1.05 | � | 126,097.07 | ||
| � | 3,975.00 | � | 122,122.07 | ||
| � | 1,987.50 | � | 120,134.57 | ||
| � | 120.00 | � | 120,014.57 | ||
| � | 1.40 | � | 120,013.17 | ||
| � | 120,013.17 |
�27,638.29 �22,854.50
Page 2
Independent examiner's report on the accounts
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Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on page Responsibilities and basis of report |
Charity Name The Radnor Charitable Trust |
Charity Name The Radnor Charitable Trust |
Charity Name The Radnor Charitable Trust |
|---|---|---|---|
| 31stAugust 2023 | Charity no (if any) |
1145134 | |
| 2 | |||
| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2023. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. |
Independent examiner's I have completed my examination. I confirm that no material matters have statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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: Name: Relevant professional qualification(s) or body (if any): Address: |
13/02/24 | |
|---|---|---|
| Denise Murdoch | ||
| ACA (ICAEW) | ||
| Pope’s Villa, Cross Deep | ||
| Twickenham, Middlesex TW1 4QG |
1
Radnor Charitable Trust Year Ended 31st August 2023
Income and Expenditure Account
Year Ended 31st August 2023
| Income Donations received Investment Income Expenditure Bursary contributions paid Sundry Costs Bank charges Surplus generated in the period Statement of Assets At 31st August 2023 Cash at Bank Investments |
£ 27,188.87 449.42 22,680.00 164.00 10.50 £ 120,013.17 43,921.08 |
£ 27,638.29 22,854.50 |
|---|---|---|
| 4,783.79 | ||
| £ | ||
| 163,934.25 |
The investments represent 4,207 Ordinary Shares with a nominal value of 2.5p held in Alliance Trust PLC. The value incorporated in the Statement of Assets is the closing market price of the shares of £10.44 per share as at the statement date of 31/8/23. The historic cost of the investments is £20,009.99
| Cash reconciliation Balance brought forward Surplus generated in the period Balance carried forward |
£ 115,229.38 4,783.79 |
£ |
|---|---|---|
| 120,013.17 |
2