IRLThG & UPCHER EDUCATIONAL CHARITY REGISTERED CHARrrY NtIMB R 408196 REcEIvfs AND PAYMEiYfs Accouwr FOR THE YE APRIL 2023 PAGE Trustees Report tnd¢pendent Examiner's Rew>rt ststem¢nt of Finan¢iai Activities Balance Sheet Notes mRE GREEN ClwÉ¢r¢d Accountants
Girling & Upcher Educational Charity (Registered charity number 408196) Trustees Report Year to 30 April 2023 r ended 30 A rll 2023 Re ort of the trustees for the The trustees present their annual report and financial statements of the charity for the year ended 30 Apr512023. The financlal statements have been prepared In accordance with the charity's trust deed, the Char5tSe5 Act 2011 and Accountlng and Reportlng by Charltie5'. Statement of Recommended Practice applicable to charities preparlng their account5 In accordan with the Financial Reporting Standard applicable in the UK. Ives and actlvlties forthe ubllc benefit The purpose of the Educational charlty ts to provide grdnts to Student having a home address In Svdbury, Suffolk or having attended St. GreEOry C.E.V.C. Prlmary School, Church street, Sudbury. Suffolk for a period of at least two years and be over the age of 18 and under the age of 21 at 30th September in the year that the grant is Blven. w of our achievements and erfom)ance Although the year to 3010412023 wa5 Covid free, it did not come without its difficulties. Following the departure of Andrew Mead of Steed and Steed who had been our 501icitors since the inceptlon of the charity in 1986, the practice of Steed & Steed was acquired by another flnn who had no interest in continuing the relationshlp wlth our charlty. We are therefore Indebted to the accountancy firm of Moore Green and Zoe Fuller who now provide clerking facilitles and a secure°home" for the charlty. Rental Income temporarily reverted to pre-covid levels, but the existlng lease came to an end and the charity concluded a new 5 year lease in September 2022 to the existing tenants but at a yearly rental of £25,(Y)O ratherthan the £37,500 prevlously enjoyed. 26 applications for educational grants were granted and total of £15,600 was distributed to Students who had SUCsSIU]IY applied for financial assistance towards theirfurther education. In addition, a travelllng grant of £500 was made to a student who was teachin8 In Honduras in her gap yearfrom university. In accordance wlth traditlon, the income from the Relief in Need Charity of £398.13 will be paid over to the trustees of the Thomas Carter Charity who have similar aims to our charity thereby avoiding addStional administratlve costs. Flnanclal review The rÈserves within the charity are malntained to pmvide grant5 for educatlonal purposes. Unrestricted general funds at the year-end amounted to £84,722. The charity has re5trlcted reserve5 for Glrling Rellef In Need Charity whlch amount to EIO,696. This is used for relieving peOn5 resident in Sudbury who are In conditions of need, hardshlp, or distress.
Glrllng & Upcher Educatlonal Charity (Reglstered charlty nurnber 408196) Trustees Report (contlnued) Year to 30 Aprll 2023 Structure overnance and mana ement The charity Is govemed bythe chartty comrn15slon In England and Wales, as set out in their deed dated 3 June 1986. Recrultinent of newTrustees Fs with the consent of all exlstlng trustees. E*ry trustee shall hold office for a term endlng on the date of ihe appolntment of thelr successor. Every nominated Trustee shall be appolnted for a term of four years. Referenc8 and admlnlstrdt5ve Inforniwtion Trustees Mr G W Challacombe (Chalrl Mrs C Cocksedge Mrs E Wlles Mrs F Wheeler Mr D Rowe Mr G Chatters Reverend A Ooarks Prlnclpal Offlce Moore Green, 22 Frlar5 Street, Sudbury, SuffoK COIO 2AA. Independent Ex•mlws Moore Green 22 Frlats Stet, sudbury, Suffol COIO 2AA.
Girling & Upcher Educatlonal Charity (Registered charlty number 408196) Trustees Report (continued) Year to 30 Aprll 2023 the Ilnancial statements Trustees, res onslbllltles In relatlon The charlty trustees are responsible for preparing a trustees, annual report and flnantial statements in accordan with appllcable law and United Kingdom Accountlng Standards (United Klngdom Generally Accepted Actountlng Practlcel. The law applicable to charltles In England and Wales requlres the charlty trustees to prepare flnanclal statements for each yearwhlth give a true and fairvlew of the state of affalrs of the charlty and of the Incomlng resources and applicatlon of resources, of the charlty for that perlod. In preparlng the flnanclal statements, the trustees are requlred to.. select sultable accountlng po15cles and then apply them conslstentlv* observe the methods and prlnclples In the appllcable Charrties SORP,. make judgements and estlmates that are reasonable and pnjdent,. stste whether appllcable account5nB standards have been followed, sublert to any matedal departure5 that must be dlsclosed and explaSned In the financlal statements.. prepare the flnanclal statement5 on the goln8 concern basls unless It Is Inapproprlate to presume that the charlty wlll contlnue In buslness. The trustees are responslble for keeplng proper accountln8 records thht dlsc105e wlth reasonable accuracy at any tlme the flnanclal positlon of the charlty and to enable them to ensure that the financlal statements comply wlth the Charitles Act 2011, the applScable CharitSe5 (Accounts and Reports) Regulatlons, and the provlslon5 of the Trust deed. They are also re5ponslble for safeguardSn the assets of the charlty and taklng reasonable steps for the prevention and detectlon of fraud and other Irre8ularltles. The trustees are responslblefor the malntenance and Integrity of the charlty and flnanclal Informatlon In accordancewlth leg5slatlon In the Unlted Kln8dom governing the preparatlon and dissemlnatlon of flnanclal statements. he trustees on . and sign d on their behalf by: G Challacombe
Glrllng & Upcher Educatlonal Charity (registered charity number 408196) Independent Examlner'5 Report to the Trustees of Girling & Upcher Charlty I report to the charity trustees on my examlnatlon of the account5 of the charlty for the year ended 30 April 2023 which are set out on pages 5 to 8. Responslbllltles and basis of report As the charws trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Ch?rltles Act 20111'the Act'l. I report In respect of my examinatlon of the charitV5 accounts carrled out under section 145 of the Att and In carrying out my examination I have followed all the applicahle Directions given by the Charity Commission under section 14515llbl of the Act. Independent examlner's statement I have completed my examinatlon. I confim) that no material matter5 have come to my attentlon In connectlon wlth the examlnation gwlng me cause to believe that In any material respect: accounting rerord5 were not kept In respect of the charlty as required by section 130 of the ACL. or the accounts do not accord with those records: or the accounts dld not comply with the applicable requlrements toncernin8 the form and content of accounts set out in the Charitie5 (Accounts and Report51 Regulatlons 2008 other than any requirement that the accounts glve a 'true and falrf vlew whlch Is not a matter considered as part of an Independent examination. I have no concerns and have come across no other matters In connettlon w5th the examinatlon to which attention should be drawn in thls report In order to enable a proper understanding of the accounts to be reached. Irincent Chandler ACA FCCA Moore Green Chartered Accountants 22 Frlars Street Sudbury Suffolk COIO 2AA Date...... .1.9.Q12Q24.......... Page 4
6irling ond Upcher Educational Charlty statement •f Flfiancial Artlvitlu for the yeor ended 30th April 2023 Year Ended 30 Y¢w En&d 2022 Total T•t41 InGomlrt9 knaLT Rental 32292 ?2 37.500 WaWe¢r from irNestm¢hts 6nants ond bor10$ 697 399 1.095 834 Totd tNomlr4 &peyvJ a2.989 399 33.387 38.334 16,100 16.100 OthEnExw&lur 9.438 4.399 13.637 Totrl R¢srE Eynd¢d 29.251 29.251 -1.549 -606 -2.155 13.2311 2.ie9 12081 1,98J 21.266 TraerbetW1enffUtr Nat in hnds 2.189 -208 1.981 21266 ro7d fvtdbryh*fon¥ar4 B2.533 93.437 72.171 Total fvnds ¢1Yrd 4nd tyf yw 10.696 Page S
Girling and Upcher Eth¢ational arity Sh¢¢t as ot 301h Awtl 2023 9916 59462 61637 1156 33750 250 780 565 30.603 2X 382 LWI goNkCurren Acwt 33.Th1 Nld¢kntyUD knrJ¢fwtrA¢w• 10.696 95.4t8 93.437 10,696 99.418 gJ.4Y7 84.7ZZ 04.722 10.696 10.696 .418 .418 93.437 gJ.4)7 B4322 84,722 .533 iQh96 10,696 10.9D4 10,696 95.418 93.437 Tgtsl 10.696 95.411 93. th of I ve prepwd the ¢xwJrtti fp•m th¢ r¢urds ot 6ir&r9 qrd up Edu¢&tlord thttrtty or opywed by slÉu. Mr 6 Chttlljcorn
Girling and Upcher Educational Chorify l Accountln9 PollcJ4x 8tssi5 of a¢Cnting The financial stotement$ hove be¢n prepored in occordance 1th Accountin9 and RÈportill9 by Chorities.. Statement of Retommended Practive applieoble to clwrities preporing thÈlr accounts In ac¢orddnCe With tht Finonclol Reporting 5tondard applicoble in the UK and Republic of Ireland IFR5102) l¢ffecive Ottob¢r 20191- (Chorities SOkP {FkS 10211, th¢ Fimncial Wortlll9 5tahdord opplieable in the UK ond Republic of Irelah4 (Fks 1021 The fimncldl stat¢ments are prepored in sterlln9. which Is thE functlonql currency of the charity. Monetary &MOUnts in thES£ firvjnciol stdemtnt$ or4 rouhded to th£ neor¢st £. f4¢sourc45 Expended Expenditure Is rec¢9nlsed wheh o 11011ty Is In¢urred w O eohstructive obligQtlon arlse8 thJt r¢suli In the poyment btlmg uMvoithblÈ. Uablllty R•¢ognltl+ Llobllitl¢s ore rec4gnls¢d os soon as there lsa l¢gal ¢r con8tructlvc obligotl4n to pay out r£sowces. l+Mstments rnve£tmeDt$ ore valued In the bolonce $heÉt ot Morket volue al th¢ yeor end. Inv¢stinent Incam¢ Is Includ In th¢ ttcc•untJ when re{ble 9oiM or IosBeB on revalwtlon at tht Or end or4 shown In the sA. D•btorJ Unless otherwlse $tdted, oll debtors r£prtxnt Income of this perlod r¢celd In the sUbseqnt p¢rlod. Crndltor Unlus oiherwls¢ stated credltors r¢pre8ent Ineom¢ re¢eSwed In advo¢ Qr normol expendltw¢ occrued. 2 Trv¥t¢ None of th¢ Trt or persons conntetÉd wlth them rceived ony pemunÈratloi op othÈr b¢neflt# o* o rtsult of th¢lr offlc4 during the yeap Énd¢d 30 Aprll 202312022 N511. PAge 7
Glrllng and Upcher Edueational Charlty Nl)te$ COntind Investment Assets Vol 30.04.2023 co gar Investm¢nts held by Trustees for &rlirg ond Upcher £59.482 £1.095 Restrlcted FuThJs sson Balance ResoLrces Lunded Inv me Girlirg relief in ne¢d 10,9)4 398 406 10.696 rpose of th¢ ¢hfyity is tordv ¢lt1rsYr Lf persons r¢sident in who ort in tI¢s0t ed. hrdship ¢r dislrets. Vnrestrkt¢d Fwbjs sson Closin ded fnvestments Bal Bolance k trces Girlirg Upther EducatioTrJl Chority 82533 32.989 29.251 -ly9 84,722 ThB pwpx of th£ Educaliopd dty to prwd¢ to Stth4¢ftt hwrfirg o Iwoddress IN &dixJry, &fftolk or hr4j *ernJ¢d S. 6rt9oryCE.V.¢. Priw Scknl. auvch Slrnet. SLthry, Srffolk for o pEriod of ot leort ti¥0 years dhd bt over the cge of 18 uvthr th¢ of 21 at Sept•&r in theyWtl th¢gr¢int is Pw8