Docusign Envelope ID." 3D208C58-160A2U2113C8lOsC820 TRUSTEES, REPORT AND ACCOtrNrs YEAR ENDED 31 AUGUST 2025 Chatity R¢Strati£lNuMbCr. 1155889
Docusign Envelope ID." 3D208C58-160A2U2113C8lOsC820 THE SHEPPEY ACADEMY IThDOWMENf FUYD Sir Roger D¢ Haan CBE DL (Cbairnw) appointed ity Aiwst 2025 Lady Alison De Haan appointed 15 August 2025 Joshua De HaatL appointed 15 Augiist 2(Y25 Benjamin De Haan appointed 15th August 2025 Oasis CornrnuDity Learning retired 22 July 2026 Stev¢ Cha]k retired IQ August 21Y25 Katherine Agar rrtirgj 15th AugiL8t 21r25 Andrew Blundell r&ireA 15 Au8USt 2025 Sarnlk Coc¢ia T¢tiTed ip August 2025 Registered Trnd Thinclpal Office Strand Hous¢ PilgriLns Way Monks Horton Asbford TN25 6DR Sollcitors Withers LLP 20 Old Bailey London EC4M 7AN BaDkers Barclays Bank Pall Mall Coq) 9 Leicester LE87 2BB Independent ExaDJiner Jonatlwi Spurling FCCA SpuTling CaDllOn Cbartered Certified Acry)untants 424 MaTga* Road Westwood Ramsgate Kent cr12 6SJ
Docusign Envelope ID." 3D208C58-160A2U2113C8lOsC820 RIPORT OF THE TRUSTEES The trustees of The Sheppey Academy Endowment FundpTesentthgir wort togethervlith tbe independendy exarnined financial statemeDts for the year ended 31 August 2025. The trustees confin tbat the annual Twrt and fiEwiciai statements of the c]J&rity comply with current statlttory requircmellts, the requirnents of the goverDing document and the provisions ofthtt StstementofRecon)mended Pr&cti¢e (SORP)"Accounting and Rq)orting by Charities" applicable to chatities preparing their accounts in accordance with the Finatici81 Reporting Standard applicable in the UK and Republic of treland (FRS 102). Con8tithtion and Princlpal Objecttves The Sh¢pp¢y AGadwlly Endowment Fun¢ a register charAty, was establish on 28 July 2010 (charity mllnber 1155889). Th¢ Sh¢ppey Academy Endowment Fund is hereafter refetTed to '%he charitsP' these independendy examined financial s¢at¢ments. The c}lty'S deed is the piymary governing documenL Follosving the closure of the academy in August 2024. the deed w&5 varied on 22 July 2026 to allow the Tetirem¢nt of Oasis Cot)ynunity Learning as a tsustee. The trustees meet thre¢ times a year to take decision8 afftill8 the operation of the cllarity and deci(k on grants to be made. As the charity no staff. all decisions related to the opeIation of the clwity are tsken by the tTr. The objects of the clwity areto &8ist and support such adeMieS or such other schools in Ke &s the Roger De Haan Charitable Tn recornn, the t of wbith aTe the same as for the charity. Trust¢¢5 The TneeS sball be the Trugtees of th¢ Endowment Fun of wbich there Shall be at least thr¢¢. Tte¢S are appoioted by tbe recommelldation of the existing tr. subject to the approval of a member of the cbarity. NQW1nteeS, when appoiD*d will be provided with au IDfOrnts0ll pa¢k including the latest ac£ounts and the Cty de Although no specific trustee trainingprograD]me exis trustees ci)nlinue to have exposuT¢ to educational and chaTitabl¢ matters either througb their principat occupation andlor iavolvement in other charitable iDstitutions. Investment Polley The elldowment fi]nds are currendy held in Treasury deposits. Grant Maklng Pollry The ¢haTity's 8rant making athity 18 presendy focuss on SUPPOTtin8 academie8 and schools in KenL
Docusign Envelope ID." 3D208C58-160A2U2113C8lOsC820 THE SHEPPEY ACADEMY EIYDOJVMENI FUND REPORT OF THE TRUSTEES {CONTThIiED) Operatlng and Financial ReTieiv Inci)me or the year was £45,6(K) (2024: £58,446), a yield of 4.5Yo. No grants were n)ade thJrn8 the year. SiJJc¢ th¢ y¢ar end aDd following a chaDge of adminithon the endowment funds ljave been moved from the current account md into a Treasury dcposit ac¢ounL until th¢y b¢ prop¢rly investal to achieve a g(K>d level of growth and income. Reserves Pollcy The charity holds a pern]aTLent endov4ment fisnd of £Imillio the capital of whiclkmust be retained in accordance with the Trust Deed. Only tbe income and any expendabl¢ r¢turns iSiDg from the fimd may be applied towards the charitable objectives of the charity. Futhre Plans Trustees will continue to siwort 8ohools and ac&deD)i&s in Kellt Using inc(rtrye Provided by the p¢rn)anent endovmient fond. The fjjnd will be itlvestd in & balarEced portfolio to make the most of the )Di¢s whilst JJllui1g investMt risL PublAc Benefit The clwity's grant ]llaking a¢tivityhas been focused on p)rting academies and schoo15 in KenL The principal way in wbich this will be accompltshed will be through payment of direct charitable grants to fimd initiatives not funded by the school's rnaiJJstr¢am government grdnts. The have consi(lered the impact of the public benefit requirement including th¢ guida[ issued bythe Charlty Comniissio Risk Man4getn¢nt The truytees have examined the lljOr strategic, business and operational risks wJ)i¢h the dwity faces and have put in place systemsy policies. procedures and controls ill order to manage and mitigate these risks. Wbere appropriate, the thjstees will act Only after tskin8 appropriate PTof¢ssionat advice. The main Tisk faced by the charity Tel&tes to invcstment tysk on its portfolio. This rlsk is mitigated by investing all the chazity's surp18 fimds in a Treawry deposit Ount.
Docusign EnvelopÈ ID." 3D208C58-16DUA24-8218-B13C8105C820 THE SHEPPEY ACADEMY ENDOWMENT FUND REPORT OF THE TRUSTEES (CONTINUED) Statement of Trllstees, Responsibilities The charity trustees are responsible for preparing the Truslees, Annual Report and the financial statements in accordan¢e with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pra¢lice). Under UK law, trustees must ensure financial statements provide a true and fair view of the charity's affairs, adhering to accounting standards and the Charities SORP. Key duties include.. Consistently applying accounting polieies. Making reasonable judgments and estimates. Following applicable UK Accounting Standards. Using the going concern basis, unless inappropriate. Maintaining adequate records to comply with the Charities Act 201 l and governing documents. Safeguarding assets, including fraud prevention. Trustees are also responsible for the integrity of financial inforn)ation on the charity's website, noting that UK regulations may differ fron] other jurisdictions. The report of the trustees was approved by ihe tNstees on 18 on their behalf by- Id+ 2oZb and signed Sir Roger De Haan Trustee Registered and Principal Office Strand House Pilgrims Way Monks Horton Ashford TN25 6DR
Docusign Envelope ID." 3D208C58-160A2U2113C8lOsC820 THE SHEPPEY ACADEMY ENDOWMENf FUND Independent examiner's report to the tru5tee$ of The Sheppey Academy Endowment Fund (the 'Charity') I report to the charity Trnstees on my examination of the accounts of the Charity for the year ended 31 August 2025. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparati(m of the accounts in accordance with the requiments of the Compatiies Act 2006 ('the 2006 Act). HaTrTrng satisfied llLyself that the accounts of the Company are not r4uired to be audited under Part 16 of the 2006 Act and are eligible for indq)endent examillatio I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act). In ¢aryin8 Out my examination I have followed the Dir¢¢tions given by the Charity Commission under section 145(5Xb) of the 2011 Act. Independent examiner's stateujent I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me Cause to belkeve: . accounting records were not kept in respect of the Compally &8 required by stion 386 of the 2006 Act" or 2. the accounts do not accord with t15¢ records" or 3. the accounts do not comply with the accounting requiretnents of stIon 396 of the 2006 Act other thall any requirement that the Mccoullts give a 'true and faiv view which is not a mattu ¢onsider¢d as part of an independent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statetllent of Recommended Practice for accounting And reporting by charities [applicable to cRltIeS preparing their accounts in accordance withthe Financial Reporling Standard applicable in the UK and Republic of treland (FRS 102)]. I have no Concerns and have come across no other matters in ¢OT]Dection with the examination to wbicb attention should be drawn itl this report in order to enable a proper und¢TStanding of the accounts to be reachsL This report is made solely to th¢ Companvs Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so tIt I might state to the Companls Trustees those matters l am required to state to them in an Tndependent examin&s report and for no other purpose. To the lIest extent perlnitted by law. I do not accept or assume responsibility to anyone other thall the Company and the Compaogs TteeS as a body, for nly work or for this report. DcosSbJn•J br. Signed: Jonathan Spurling FCCA Spurling Cannon, Chartered Certified Accountants 424 Margate Road, Westwood Ramsgate, Kent, CT12 6SJ United Kingdom DBA5CCA&2EtA4CF Dated: 24 August 2026
Docusign Envelope ID." 3D208C58-160A2U2113C8lOsC820 STATEMENT OF Ff4ANCIAL ACTivriLs FOR THE YEAR ENDED 31 AUGUST 2025 2025 20 Fun lld T¢ Total Investment income Dou4tiotts Totalkncome 45,6LKI 45,6( 58.446 425 58.871 45.6(K) 45,600 EJp¢uditure oll: 88.766 Support LX)5ts Legal & Profcssional Total ewndlture 9CiI 425 89.191 Net tatome1{e4Md1th¥¢} (9LK)) 45,6(X) 44.7C¥) {30J20) Tr8n8ferberw¢th fullds 900 (9(K)) 1,017239 1.017239 1,047559 Totalfrulth urrled forw•rd 1.(151.939 1.061,939 l.Ol7239 Th¢ SlateMt of Fmallcial At*iMties inchknlts all wain5 and Ios5rs ther. Th¢ llotss onpagE5 7.11 fonn psrt of these fioa)cial siatanAI&
Docusign EnvelopÈ ID." 3D208C58-16DUA24-8218-B13C8105C820 THE SHEPPEY ACADEIy ENDOWMENT FUND STATEMENT OF FINANCIAL POSITION AT 31 AUGUST 2025 31 August 2025 31 Augllst 2024 Ffxed Assets Investments 1,000.000 Current as$et$ Debtors Cash at bank and iti Ild 425 1,062,839 1,062,839 17.239 17,664 Credltors: amounts falling due within one year {900) {425) Net CUent as$els E,061,939 17,239 Total assets less current Mabllfitles 1,061,939 1,017.239 Cbarity Funds Restricted Funds 1.061,939 1,017,239 I,Q61,939 1,017,239 These financial statements were approved by the board of Trustees on and gre sigoed on their beha]f by. i&" Ayusr 2026 Sir Roger De Haan Tbe notes on pages 7-1 I forni part of these fillancial statements.
Docusign Envelope ID." 3D208C58-160A2U2113C8lOsC820 THE SHEPPEY ACADEMY ENDOWMENT FUND NOTES TO THE FINANCIAL STATETrtENrs FOR YEAR ENDED 31 AUGUST 2025 l Aecounling Polieiey 1.1 Basis of Preparation The Shepp¢y Academy Eodowment Fund is & rewteftl ChaTity in England and Wales. Its registered office and PTtncipal place of buyiness 13 disclosed in the Legal and Administrative Inforn]8tio The accounts bavebeenprepared onihehistorical cobaSIs. a8 modifiedby therevaluation of Certain finaucial &8sets and liabi]ities and investtnents DrnsU at fair value through incotne or expelld1tte. A Statetnent ofAs8ets and Liabilitiesispreparedto showthe monetary assets andliabijities at thc year ¢nd. Th¢ accounts comply with the requirn¢llts of the Cbarlty comn)iO Th¢ Sheppey Academy Endowrn¢nt Fund meets the defmition of a public bt entity uoder FRS 102. The fJnan¢ial stat¢ments hav¢ b¢eopre8ented in GBP. 1.1 Kncollke tncom¢ is rttognised w*ken the chty is legally entitled to it after any performC conditions have beell me¢ the amounts can be rn¢ reliablyg and it is probable tbat income will be r¢¢eive(L Cash dOnlon$ are recognIs on receipL Other donations are recogtiised once tIL¢ Clwity has been notified of the dollatio unless perfornlance conditions require defeTral of the nwunt. Jncome recoverable in T¢lation to donations neived under Gift Aid or deeds of covetwlt is rOgDIsCd at the time of Ihe donatio Grant income is recoSed when the clwity is legally ¢lltitled to it after any perfornwicc conditions have b¢en MCL th¢ anunlnts can bc rneasured reliably. and it is PLDbable th&t inc4)llLe will be re1V Incorne from itkvesttnellts is recognIs Fh¢n the charity As entttleA to rweiv¢ the inconl it i8 probable that the iacome wAll be receiv&l the amount can be measured re]iably. 12 Expenditure Expellditute is rQgniSed once there is 8 legal or ConStctive obligation to nlake a paettt to a third paty, it is probable that s¢ttlemellt will be required and the atnount of the obligation can be measurnl reliably. Exp¢Dditur¢ is ci&ssifi¢d und¢r the following activity headings".
Docusign Envelope ID." 3D208C58-160A2U2113C8lOsC820 SHEPPEY ACADEMY EhT)0wME FUND NOTES TO THE FINNCIAL STATEMENrs FOR THE YEAR ENDED 31 AUGUST 2025 l Aeeounting policies (conlinued) 1.2 Payments continu¢d Exp¢oditure on clwitsble activities includ&s all expenditure d]rtlY related to activities undertaken to further the pUoSe md achieve the objtiveS of the chaTity and their associated support costs. 1.3 Unrestricted Funds These filllds can be used for anypurpose in filltbcrn ofthe general objwts ofthe clwity. 1.4 Restrlcted Fund8 Th¢s¢ fimd have been given for aparticularpuryx)s¢. restrictedby tbe de&L 1.5 Support Costs Support costs are those functions that &S8iSt in the WO of the cllarity but do not directly undertake charitable activities. Sw)port costs includ¢ back office costs and govern8¢ costs wbich support the ckwttses programm&s 8od activities. 1.6 Monetary Assets These include cash in hanQ bank aco)unts and any money held on behalf of the ¢PrIty. 1.7 Investments Investments are initially gnised at cost. Subsquently. investrnents aTe measured iti aLXOTdallce with FRS 102. At the reporting date, tbe inv&8tttLent 18 ¢&Tried at cost because fair value calltt be me&gured r¢]iably. tnvestments ar¢ a forni of financial instTumerrt and are initially 08n15ed at their transaction cost and subsequentlyrneased at fair value at the Balance Sheet date, unless th¢ value cannot be measure41 reIiably inwhiGh Gase it is measured at cost less impaimi¢nt. Inveslmcnt gains and losse& whether rea]ised or urrealirf are combined and presented as 'Gain4(Losses) on investsnents, itl the Statement of Finanoial Activities. tnv¢slm¢nts 8re included in th¢ finala1 8tatanents at their rnaTket value at the b&lallc¢ sheet date. ReaIi8ed and UDrealised gains (or losses) are credited (or debit) to the stst¢m¢nt of financial activities in the year in which they ari8e.
Docusign Envelope ID." 3D208C58-160A2U2113C8lOsC820 SHEPPEY ACADEMY ENDOWfrIEVf FtJND NOTES TO TKE FINANCIAL STATEMENrs TOR THE YEAR ENDED 31 AL'GUST 2025 1.8 Going ¢oneern The Trustees ljave CefUllY considered the ckntys fjnoncial position and tre fjjndmg requirements when assessing the approwlelle&S of the going concem b&sis. As part of their gov¢maace Tesponsibilities, the Tn ensure tbat grants are approved only to the extent that sufficient In]¢ aDd available resource8 existto mtthOSe committttents. Thc clwity benefits from a pernlanent endowment furf the wiital of which is preserved in accordance with tbe tern of the Deejl. Th¢ end0yent continues to genernte in8(]ent income to wrt the Glwitys tivItieS and provide8 8 secure fin&ncial foundatio Ac¢ordingly, the Trttstees are satisfied th&t the clwity Iw adequate 0vC8 to continue operating and meeting Éts obligations for the foreseeable future and have therefore prepared th¢ fllwictal statements on a going ¢oncern basis. 1.9 FlnaD¢i41 Instruments The charity only enters ioto b8si¢ financial instiument transactions tIt result in the recognition of fiDAnciai assets and liabillties such &5 trade al other debtors and credit(TrT8, loan8 fromb8Dks and oth¢rtbirdparties, loans to relatedparties and investments in ordinary 2 Taxation The Sheppey Academy Endowment Fund is 8 register clwity and as such its income and gains are exempt from income tsx COTation tsx to the extent that they are applied to its clwitable aCtitieS the ptOVi8iolls of the IncoD aud Corporation Taxes Act 1988. 3 Investment Income 2025 2024 Investment income 45,600 58,446 4 Charltable A¢tfvities 2025 2024 Donations Paid from R¢stsicted fut 5 Support Coyts 2025 2024 £'ooo £'o 900 425 900 425 Support costs werc atthllutable to gene£al uorestrict&a funds and all rela* to govcmance
Docusign Envelope ID." 3D208C58-160A2U2113C8lOsC820 E SHEPPEY ACADEMY ENDOW Fi]ThD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 6 Stsff Costs No staff v/ere employ during the yw andno e1veAl remun¢r&tion or ¢xpense8 (2024: llone). 7 CredltOTS- amounts fauing due Ivithin one year 2025 £'ooo 900 2024 £'(M)o 425 425 Accrnals and deferred income 8 Transactions wlth Related Pthfies Sir Roger De Haa Lady Ik Ha0 Joshua De Haan and Benjamin De Haan are also trteeS of the Roger De Haan c]lit61c Trusu the charity that fillLded the endoBryn¢nt Originally and 0D)MendS sthools and ac&demies where this charity con assist. There were tto tr8nsactions with related parties the year or after the year end. 9 Statement of Funds September Inconthig Olltgolng Transfers Gain8 & August 2024 Resources Resollrees Losses 2025 £'ooo £'ooo £'ooo £iooo £'ooo £'o Restricted FuDdg PermatLent ondowment fund Endowment incorne fund 1.000.000 1,000,000 17239 45.600 (900) 61.939 Gmetal Fund (900) (900) 900 Total Funds 1,017239 45,600 900 1.061,939 September Ineomlng OutEolng Trfer6 Galns & August 2023 Re4otsr¢es R¢souTces Losses 2024 £100 £'ooo £'ooo £•ooo Restiicted Fllnd8 Perallent ¢ndowJnent fimd 1,000.000 i.000.o fuud 47.559 58.446 (88.766) 17239 425 (425) 58,871 (89.191 Totsl Fand8 1,047.559 1,017,239 io
Docusign Envelope ID." 3D208C58-160A2U2113C8lOsC820 THE SHEPPEY ACADEMY ENDOWMENf FUND NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENJ DED 31 AUGUST 2025 10 Analysls of Net Assets Between Fulld8 ThÈ fund8 ofthe clwity wmpriso of the following &ssets." UDrestricted Restri¢ted Total Tot 2025 2025 £'ooo 2025 £'ooo 2024 £iooo 1.000,000 1,062.839 1,062.839 17,664 (900) (900) (425) 39 1061939 1017239 UDrestrlcted Restricted Total Total Funds Fulld5 Funds Fwids 2024 2024 2024 2023 £'ooo £'ooo £iooo £'ooo 1,000.000 1,000.000 1,030.320 17239 17,664 17.839 (425) (6(K)) 39 1017 239 1047 559 Jnvesttnents 425 (425) li