61RLING & UPCHER EDUCATIONAL CHARITY REGISTERED CHARITY NUMBER 408196 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDEt) 30 APRIL 2024 CONTENTS PAGE Trustees Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes MOORE GREEN Chartered Accountants
Girling & Upcher Educotional Chority (Registered chority number 408196) Trustees Report Year to 30 April 2024 orto the trustees for the ear ended 30 A ril 2024 The trustees present their annual report and financial statements of the charity for the year ended 30 April 2024. The financial statements have been prepared in occordance with the charity's trust deed. the Charities Act 2011 and Accounting and Reporting by Charities., Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standard applicoble in the UK. Ob ectives ond activities or the ubli¢ benefit The purpose of the Educational charity is to provide grants to students having a home address in Sudbury, Suffolk or having attended St. Gregory C.E.V.C. Primary School, Church Street, Sudbury, Suff olk for o period of at least two years and be over the age of 18 and under the age th of 21 at 30 September in the year that the 9rant IS given (changed to those over the age of 16 and under the age of 21 at I" September for the 9rnnts applications for 2024 onwards). A review o our achievements ahd er orman¢¢ The Trustees are pleased to report that the Chority is now on a firm footing to meet post Covid challenges with a settled rental income of £25.000 p.a. Although strictly not within the year under review, there is a positivity within the ranks of the trustees. new and old, to expand the scope of the 9rant aid distributions to youThJer persons. Next year's report will show whether we have been Sutcessful in our endeavours. This year, we were able to distribute £21.OCX) to students who are moving on to further education ond £3,500 wos passed over to 'the school, to aid them on an exciting music project - again, more on that possibly next year. In accordance with tradition. the income from the Relief in Need Charity, of £382.22 will be paid over to the Thomos Carter Charity who have similar aims to our Charity avoiding additional administrative costs Financial review The reserves within the charity are maintained to provide 9rants for educatiornl purposes. Unrestricted general f unds at the year-end amounted to £88.289. The charity has restricted reserves for Girlin9 Relief in Need Charity which amount to £10,885. This is used for relieving persons resident in Sudbury who ore in conditions of need, hardship, or distress.
6irlihg & Upcher Educationol Charity (Reglstered charity number 408196) Trustees Report (continued) Year to 30 April 2024 Structure overnonce and mana ement The charity IS governed by the charity commission in En9land and WoleS,as set out in their scheme dated 3 June 1986. riecruitment of new Trustees is with the consent of all existirKJ trustees. Every trustee shall hold off ice for a term endin9 on the date of the appointment of their successor. Every nominoted Trustee shall be appointed for a term of four years. erence and administrative in ormatloh Trustees Mr G W Challacombe (Chair) Mrs C Cocksed9e Mrs E Wiles Mrs F Wheeler Mr D Rowe (resigned 08102/2024) Mr G Chatters (resi9ned 18/01/2024) Reverend A t)oarks Mr T Fairbairn (appointed 1310912023) Mrs J Webb (appointed 08/02/2024) Principal Office Moore Green. 22 Friars Street. Sudbury. Suf folk, COIO 2AA. Independeht Examiners Moore Green 22 Friars Street, Sudbury. Suffolk. COIO 2AA.
Girling & Upcher Educational Chority (Re9lStered charity number 408196) Trustees Report (continued) Year to 30 April 2024 Trustees. res onsibilities in relation to the inancial statements The charity trustees are responsible for preparin9 a trustees, annual report ond financial statements in accordance with opplicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountirg Practice). The law applicable to charities in Errfjland and Woles requires the chority trustees to prepare f inancial statements for each year which give a true and fair view of the state of affairs of the charity ond of the incoming resources ond application of resources. of the charity for that period. In preparirg the f inancial statements. the trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP.. make jud9ements and estimates that are reasoThible and prudent: state whether applicable accounting Standards have been followed, subject to any material departures that must be disclosed and explained in the f inancial statements,, prepare the f inancial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees ore responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the f inancial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Re9ulations. and the provisions of the Trust deed. They are also responsible for safeguardin9 the assets of the charity and taki reasonable steps for the prevention and detection of f raud and other irregularities. The trustees are responsible for the mainteTh)nce and integrity of the charity and f inantiol information in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. App oved by the trustees o ..2.04and signed on their behalf by: G Challacombe
Girling & Upcher Educational Charity Iregistered charity number 408196) Independent Examiner's Report to the Trustees of Girling & Upcher Charity I report to the charity trustees on my examination of the accounts of the charity for the year ended th 30 April 2023 which are set out on pages 5 to 8. Responsibilities and basis of report As the charitls trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act,). I report in respect of my examination of the chariws accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act, or the accounts do not accord with those 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 fairf 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. Vincent Chandler FCA FCCA Moore Green Chartered Accountants 22 Friars Street Sudbury Suffolk COIO 2AA OLK Page 4
Girling and Upcher Educotional Charity statement of Financial Activities for the year ended 30th April 2024 Yellr Ended 30.04.20Z4 Total Yeor Ended 30.04.2023 Total Urrestritted ftestricted IrKorning Ftesowce¥ Renlal Income 25.(X)O 25,000 32,292 wlleaVE INme from in¥estmehts Gronts and Domtions 405 1.582 1.095 Miscellaneous fncome Totol lttcamSn9 Re50W¢ Resources Exp¢nded Expendibjre on Clwtobleo¢tihit$ OthEr ExpErtdilurÈ Total ke50urces ExpendEd 26.1 26.582 33,387 24.XX> 3.286 27,786 24,YJO 3.668 28. 168 16,10) 382 382 13,151 29.251 $(unsllhsses)oN inwstmenl assets 5.176 166 5,342 (2. 155) 3.567 189 1.981 Tvahsfrrs bÈfven Fuhds Net movement in fur 3.567 189 3.756 1.981 Tot fund$ brwghi foThvord 84.722 10.696 95.418 93.437 Total funds corried fonvdrd ot rd of y¢or 10.885 99.174 95.418 Page 5
Girling and Upcher Educational Charity Balance Sheet as ot 30th April 2024 Year Ended 30.04.2024 Total Year Ertdtd 30.04.2023 U¢StrIcted Aestrict¢d Fixed Assets fnve5trnents crent Assets Lloyds 8ank Oepgsi Account LYS Sortk Current Accmt Lloyd$ 8onk- Oeposit Term ACCMI COIF Cknriti¢s Oeposi Fund 14ked Chority Lloyds Bank Depowt A¢(ouNt 55.115 10,OB3 65,198 59.482 1.801 1.801 1,156 33,750 20.TryJ 25) 20.0(X) 2X) 250 780 88.289 10.885 99.174 95.418 Creditors N¢1 urrtht astsllitibMities 88.289 10.885 99.174 95,41B Totdl ossets less net current Ikbilltlts 88.289 88.289 10.885 10.885 99.174 99, 174 95.418 95,41B Net d$Sets Unrestri¢t¢d Punds 6eneMI fund Restri¢ted PJ$ Girling relief in 88.289 88.289 84,722 10,885 10.885 10.696 Tatal k4strlcted Pthds 88.289 10.885 99,174 95.418 Totdl 88.289 10.885 99,174 95.418 ts¢claration I confirm t at I hovt prepared ihe accounts from the records of 6irlirrfJ ond Upcher Edutotionol CFwrily ore proved by me on the Mr G Challacombe Trustee Page 6
Girling and Upcher Educational Charity l Accountin9 Policies Basis of accounting The f inoncial statements have been prepored in occordonce with Ateounting ond Reporting by Charities.. Statement of ketommended Practive opplicable to tFhJrities preporin9 their occounts in accordance with the Finonciol Reporttng Stondard opplicoble in the UK and Republic of Ireland (FRSE02) (ef fective October 20191- (Chorities SORP {FRS 102)). the Fitwnciol Reportin9 StOTKlord opplicoble in the UK ond Republic of rreldnd (FRS 102). The f inanciol stotements dre preFwJred in sterling. which is the ftiol currency of the charity. Monetory omounts in these f imnciol statements ore rounded to the nearest £. liesources Expended Expenditure is recognised when o liabFlity is incurred or o constructive obligation orises thot re$LtIt in the payment being ¥OldbIe. Liobility Recognitlon Liobilities are recognised os soon os there is o legol or CODStructive obligation to pay otrt resoLrces. Investments Investments ore valued In the bate sheet at morket voltx or the yeor end. Investment Income Is IncltKled In the attounts when receivable and arty 9tsins or losses on revoluotion ot the yeor end are shown in the SOFA. Debtors Unless otherwise stoted. all debtors represent income of this period received in the subsequent period. Credltors Unless otherwise stated creditors represent income received in odvance or normal expenditure accrued. 2 Trustees None of the Trustees or persons tonntcted with them r¢ttived ow remuneration or other benef its os o result of their of f ice durin9 the year ended 30 April 2024 (2023 Nil). Page 7
Girling and Upcher Educational Charity Notes Continued Investinent Assets enin chan osols market value Bolance Closin Balance Additions Investments held by Trustees for 6irling and Upcher Educational Chority 59.482 374 5,342 65.198 Restricted Funds eni Resources Goin on Closin Bolance Resources Ex ended Investments Balance 6irlin9 relief in need 10,696 405 382 166 10.885 The purpose of the Charity is to relieve either 9tnuwlly or iDdividutslty persons resident in Svdixjry who ore in conditions of need. htsrdship or dislress. Unrestricted Funds eni Resources Loss on Closin Balance Resources Ex ended Investments Balance Girling and Upcher Educational Charity 84,722 26,177 27,786 5,176 88,289 The purpose of the Edu¢ationol chority is lo provide gronts to Student haviNJ a home oddre$$ in SudE#Jry. Suf folk or having tteTh4ed St. Gregory C.E.V.C. Primory S¢hool. Church Street. SudLxry, sfOlk for o period of at least Iwo years and be ov¢r the age of 18 and uhder the 09e of 21 at 30 September in the yeor that the grant is given. Page 8