THE BARROVIAN FOUNDATION UK CIO (CHARITY REGISTRATION UK NO: 1157260, IOM NO: 1332) (COMPANY REGISTRATION NO: 006376F) FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024
THE BARROVIAN FOUNDATION UK CIO FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 CONTENTS PAGE "I"RL'%'rr.i.-'S Rf,P( )R-F ,IIN,I) JN'DF.Pb.N,Dl.-N-I" F_X.{IllIXTF.R's RF'P( )RI" S'1'.Kl"F.111.:N"r i )P l-IN.4NCI.11. .ICTII'I'I'IL B.11..IN(-F.' %I11,'I,:'I' 8-12 AnkL'r 1S11(- Ilaiik plc ?81 (-hi%wiik I ligl) R()Ad .4 4111 1iidLpcndcJii l..NAJnin¢r ("row'e Isle i)f ,I1¢l111,l.C. l)rospL'ci 1411] L)iTruK?la lslc of Ilftn R¢s[¢r£d i )ffiL¢ 'll)c Bdrrniryan Faundarinn L',K (-.1( ) 'll)c S141?Ic l.Irrlc ( liin, Church b.2ton StafF()rd %'1-21111.iU fuundarionCa,.kwc.im Principal I Iffice King IX'dliAm's Couvge Castlet()Ivft, l*le vf Ilan J,IL9 I'[1)
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 TRUSTEE'S REPORT 'I'he .1 rii%ree prL"8enr% its rLport tugether with the 6n%Aciai srdtcmcnr5 For rh¢ i'car ended 31 .4ugusr ?(}94 which show the 5t8tc of rlie ChArifi' s Affirs. The finincial stAtemenis compl} wirli rhe Chariries .4ci ?(11 l alid .4ccounting and Reporting bi, Charilles.. .%iaremetir OF Recominended l)r¢iciice ipplicAble tu Lh£irirJes prep%rit)g tlivir acci)unrs in acc£)rdai)Lc ivirh the FinAnciAI IlcpDning.%tAnd1rd api)liiAI)le in Ihe UK 2nd R¢pul)b"L of Ir¢l2nd tr RS 102). Charirics Res[ratiOn and Regulation .Icr ?1119 And The CharitTes RLRuIArioIis ?11?11. The Charir). was furm¢d as a C.hariral)Ic, Incorporarc.d ( )rgAnizAtion on 311 I12Tr ?1114 in England (C-harJry' Jiiiml)er I157?6(1) and rhe rrucriir¢ of rh¢ ("harirs' is goi'ersied l)!, irs Lonsriruu()n. -lThc (-harirt' Iva% inLoTrnrar¢d in rhe 18le of IlAn as A Foreign iumpAni' (CumpAn)' number 1106376F) on 16 Juli.. ?11?1 and re£Jsrered in ihe 18le of ,Ilan as A chanrt- (C.harin' numl)er 133?) NIArch 211? PRINCIPAL ACTIVITY Th¢ Ch1rin s principAI Rctiipity is IAICI ULir in its constirutiorj duLum¢nt daicd 4 Nlai. ?1114 And is ru ¢sr2blish a mLai)¥ uf sirLILtur¢cl l()i)g rerm fund rAi%iiig in IhL L'.J111LLI IKiJikF(l()rn io a55isr iii adi'Ancei)Icnr ()f rlie L,duLalil)11 ()f the piipils ai Kiiig Kx'illiilm 5 c.ollege. "rh¢ Buchan .S¢hool and 'llic IluLI)'dn X.ur%er!,, C..asrler()IlPn, J81É' L)( Nlai) IIL)gerliL'r "rhc Scli()ol"I lJ!- IhL dtv¢lr)pnic nr i)f (xiiliiie% xiid supp()rTin&k l)ursdrie% f()r pupil% ii,hts 3rtcnd, ur wish TO iirr¢iicl rlic SLhi)ol in pArallcl '1[h th¢ Islt, vl-.IIAn cliarin., 'I'hi 1341rroi'ian FoundAtion. 'I'h¢ I"hqi nry. Ivill seek r() proinore An Awareness of the i)¢cd tu supp()rt thv %ili()()l and t<> ci)mplL'mcnt ihc wnrk i)f rhe .IluiyJiii i)cieries, Pareiiis, FriLnds hnLI .4iak¢hulLlir4 ()f thc. School. FINANCIAL RESULTS (IL'()%s inii)niL f()r rlic. !'L',Ir is £'?4,11931?0?3.. £?1.363) li nd expenses £111,888 (91}?3.. £.'In.? 1.11. DiirillLtr tlie i'eAr ii() grAiits were macl¢ to IKiJig Il'illiain's I"i)IlcgL' I?(1?.I.. I',NTjl) The iicr iiicomiiix res()urL¢4 ()f £14,1.141911?3.. 1.'11,l $1)) hal-c l)cL'r) tr14 iitsfL'rrvL4 10 re%erves. l)unng I'cal. LndLd 31 .lu%u%r ?11?4, rl)c Pi)Iind%rion. rliL C?i)vcrnor% i)f knng 11 illi%m's (_ollcgc Anil l-li£ HucliAii .%LI)()c)l. rhc Ijishup BAL'I'()w's fouiidArinn Aiid the 4ih()ol's %enii)r l.CAdcrsliip I cam liai'c ljeei) workinK on A new dei'el()Pineiir strAleg)' 10 taise i£ILliri()nal fuiids fi)r rh¢ S11i0()l. RESERVES POLICY N()rc 7 11) rhc Fitianlial sraremc'nr5 9h()wq rhe As4er4 liAI)IlIri¥ Airril)utl11)l¢ to rhc RL'4rriLred and Unrlsiritred fund8 tiitilliiig L91 ?()9 (?11?.1.. £7",,] (14). Lxpc'll¢lJiurL, l)i' rl)c. ("1)1riri? in il)e f()rm of gr:1iltS lu King Il'illiAJn' C.ollegc is dcrii'td ind determiJiLd frnm Il)e incnmc" gii'tl) ID dar£,. -ri)ii'ef()ri' rhc, ILKel ()f frLL fL%in-cs 1% :IlivA)'S Adiyu<ir¢ 11) mict If)minirmL'nts. STRUCTURE, GOVERNANCE AND MANAGEMENT l-hc Dirviiurs uf tlii Luq)urarL .1 rLi%i£e (I'li¢. BHrr()viaii P'L)unddlil)nl di'icriniI)c ilil gi'iiLral p()IiLI' of thv Chars1)' regularl!J r¢poriing ro rlic Ixi'iig KIAjlliAm'b C<)IlcL)e F,inxnce Ancl L7cncrAI Ilutyose8 I'ritnmirtcc (I.'&CyP) 1r lef4S1 rL'ri)Ili'. Direitots of rhc, (-orporaie TriisteL afL' eithvr Liirrent or (()nncr CJni'ern()r8 nt King Ix'illiatn's C.ollc£e, TRUSTEE Thc H:Irr¢)I'iiin l.-i)unilirii)n l%l£' of Ilin C.l)Irirn' numl)Lr 111114 And C".nn)i)'.In!' numl)er I1474.%C.. 'ri)L' iL)n%riruiivn allows fur up t() 6 1'ru5tec5 ivliu are appi)ititLd from rimc io rimL bv rhc niemlitrs.
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 TRUSTEE'S REPORT - continued TRUSTEE'S TRAtNING 'I'hc DiriLrurs uf ihL L()rp()raic Tru8ree.-the BArrovi:iii E.c)iindarinti. are alsu current nr fi)rmcr GnNernors uf rhL %ihuul. .¥ll CioirL'mnrs Are askcd t() rtAd ii-idLlI' and underr41k¢ apprviiriare trAininx. KEY MANAGEMENT PERSONNEL REMUNERATION 'I'lit .1 ru%rie Lun%idLr% Il)c l)<)ard c)f DirÉLiurs uf Ihc L()rI)()r'.Iit .1 n]sic¢. tlie Chivf l )peraring l )ffiicr and rhi Ile&2d i)f F.Nrernal RLI.Ition8 .11 Kijig IX. illiam'8 Lull¢gye 1S L()mpri%ing ili¢ k¢!. rnaniigt'mt'ni per%()nnel ()t Ihe ChAnrt' in ihArg¢ of direiiing and coiirrolknng the ChArin' and rnnning and operating thL. (-harin' oli a d:i!' r() da!. lyasi8. .1111)irecrors nf rh¢ LorpordifL. 'fnisr¢¢ 1.¢ ot thLir time freeli. Aiid iio director remunerarinn nnr repai'mcnr ()f cxptn8es wa% pxid it] rhi. !'eAI I?0?3'. L"nill. The (.'hiL.f ( )p¢rAiing ( )ffiicr dnd H¢AII uf l-.xlLrnAI RelAtioiis Ar¢ cniplD!-cd l)i. IKJng IX'illi2m'% (-.()Ilege dnd i()n%idcred ra hL kc!. Jiianagcmcnr pcrsoi)nel f)f rliar eniiry,. 1'1icrcf()rc disil()sui-e u( I1)Lir rc'inLiiierAlltii) is InAd¢ in Ihl. finAniiAI siarcm¢iits ol Kjng IX.illidm'% (-<)Ilc'&yc. l)irLLtur.4 1)f tl)L' Lc>rpor14 rc .1 ru4teL iiri. rvquired 10 disili>sc 1¢ ll rel¢i'aiii iniLrv4t% And re81¢r rh¢m with thL. Chiet ( IperAting l )ffiLer And in accordxncc 111) the C.hxrin s poh¢)- ltI]dra, froin dei18iDn% wherc a ioiitliL t of inrere81 arises. REIATED PARTIES AND PAY POLICY FOR SENIOR STAFF -h(. -1 ruslLL Al)d IhL Dir¢Lr(Irs {)[ Il)L (.orporAre .1 rusrcc du iiut rLLLII'L rLmunt'rg1ion or l)LnLfiTS from iheir work wirh rhe Ch,.Irin'. l)erxils ()f an!. rc.IAied PArtI' IrAllSaCtioiis ar¢ di8¢lu8vcI in nore 8 rn tlic accnunrs. PRINCIPAL OFFICE AND PROFESSIONAL ADVISORS Re$tred i>ffice - Biirrul-iin I,f)undAri(In LIK ('[( ) 'I'h¢ %ral)le8, 1.itilL I )iiii. C.hurLh l..aion, 41'iffo)rJ. %l'?(I 11.iu IndLpLIidc'iii l..xAmiiicr -Cr()%e lslv ()f ,Ilaii l.l.I' I'ici()n. I l()U8L, I)r()speir I l<)usc. l)()u&?l%s. Isle v( Ilan Ildnk£rs Isllc. ?81 (-hi%wiLk I Iigli Ri?ad. l.i)nd()ii 11,,4 41 IJ ..IpprnNT¢II l)!. IhL l-rustCLS Ar a "frusrL'L mecting hLlcl on l )Ji l)ehalf i)f the I ni8tee ( )ii behalf of rhe 'l'ruqiee Stephen Bililngliurr
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 TRUSTEE'S RESPONSIBILITIES The TN8iec is respi)i)%Jbli. fur prepanng All £lAJIUAI rLpDrr and tinAALial tateMentS in accordaiicc '1th applical)le IAW And rexulAtiun4 AnLI LIK .4LLQlltiung Sr8ndard% (Unir¢d knngdom g¢iierall!' acceprcd accnunring pracri¢¢8 The CIIAritses ..Ici ?01 l And 'l'hL. ("h&2nriL (-l¢c()iiJir5 dnd RLPI)rts) R¢gvlaiioA5 ?11118 rcguirt ihe 'l'ni¥tee to prepAie financi£il sraremcnrs for I'car u.hiih gliye a rrue aiid fair i'iew of rhe %r'ire of 2ffiirs of thc. ChAriry' 2nd uf th¢ inc()Ining resoLirces and pplication of the resource5 the Cliarirt., Including it5 income and cxp¢ndirur¢. In pr¢pirin£ ih¢se finanLial 8tatemeni th¢ J ni%ree is required io.. seleci suiial)le aicouniin& poliLies Aiid thei) Ippli. them cui)$18tentli'; oh8eri'e ihe methods and prinLipILs In ihe appliL21)le LhirirJe4 S1)Rl). mxke iiidgmenrs And :ILcuunring ¢STiJnare8 thar arc prudLnt and reason#l)le,' stdie whLIIIL'r appliL¢ibl¢ aLLoUnrjii srdndards hAN'¢ l)¢en f()llo.d, 5uI)jcLr ro ani. marerial departi?r¢% rliar miist l)e disiloscd and explRillC,d iii rlic Finaiicii¢ l siarenieiirs.. prepare rhe fiilAI)ci:Il siaremeiirs ciii rl)e &FoiiikJ c<)nLern l)A81S UTile88 It is in'ippropriate iu prL%ume rhc Ch%rir)- 111] conrinue "rhe 'l'ru5trc is rcqpc)nsil)Ic fni. kccpiiig proper Accniiiirit)8 r¢cr)rds r1114 r ar¢ suffiLienr ri) %hDIi' An(1 cNplaiii tl)L CIIAI'if!' 5 ti'aiisacri()ns and disil()sc ivirh rt':Isi)i)%l)Ic Aiciir',IL!' At Ali). rimL' Il)L fillAnii:Il pobiti()i) ()f thL ("harirn' AnLI i() ¢nAI)le ii t() L I)urC, rh1¢ I rhc. finanLI:II sritLrncnr% c()i)Jpl!' ii'iili rhc. ("118rir2c8 .Icr ?111 l. rhc ('h¢iriric's (--Iciriuiirs aiid Rc'i?()rT%) IleKiil¢iri(>i)% ?11118 dll(I rlii pr()i'i%ii)n4 of rhi. C'liarin s constiiuri0i1. li is Alsc) resp<>i)silile f()r 8Ale%uArdin% the Asset% of the Cl)Arin' And tAkn'nx rea8onAI)le steps for rhe pres-¢nti()ii And dL't¢iii(Jn ()f friiucl and ijrhcr irrcgularitl¢5. AppJ'()N'ed li} the -1 nisiecs Ai a l-rusiee meLiing held i>n { Iii l)L.half of thL, Trusrec Nigel 11. Dod ( )n l)vhalf ()f rhe .1 rLl8te¢ .%ieph£'yi IlilliiiEhiirsi
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 INDEPENDENT EXAMINER'S REPORT Indepeodeot examinet's tepori to the charity ttusiees of The Barrovi3n Foundation UK CIO I rc'p()ri r(I Ilie rrusic'¢s on mi. ¢xanunarion ot rlie ac¥ounis OF rhe 'I'lie B2rroiriAn l-,()undarion LTK ("1( I f'rht 'frusr") for rl)e l-ear endecl 31 .4iigu%t ?11?4. Responsibilities and basis of report -15 the charitl 8 Ini%ieLS nf rhe l()LindAiion. I'ou Are respniisil)le fi)r rh¢ prcparation of the Accounts in accordance with rhe rcquiremenrs of tli¢ C_h<2riries ,411 2011 I'lhc .4LI'). I rLport in respLit ()f m!. exAminarion of rhL fuundA Tion'8 Accounrs cArricd OLlI l)nd¢r s¢c12uJi 14) of Iliv ?011 .4ct And in car4.ing our m!. ¢%amin1ri()Ji I hai'c lalli)i.td iill tlic appliL81?IL DeLtIOnS k4I'Ln l)!. the Charin. Coinmis%ioD iind¢r s¢crioii 14.51.5)0)I nf the -Icr. Independent examinef's Staiement I IIAI'¢ ¢rJJllpl¢'rLd m!. ¢kAminaii()n. l L()iifirin thAI iju mdilc ri,'Il inaiivrs hal'e come io ni!. arr¢iiuon in Connvction '1th Ihe cxAmiiiAiion 1?11)? nil, cau%e ri) IILlic'i'£' rhAi it) As1I' InarLriAI rc%pcii'. (d) 4ICL()iinting reLord% were ni)r kept in re8peci c)f rhe foui)dirion as rcguircLI 1)i' s¢'¢tJun 1311 of rhL. .4Lr: or O)) thL ALCI)Linrs dn nni :Iccord ryrh rhi)se rcc()rd%,' f)r (c) thL aLL()iini8 d() i)i)t L()mpl!' KKpirh ihc :IppiJi:Il)le requirt'mL'nr5 conic'rning rh¢ furm Knd Lonteni of ALLounl% ¥¢1 uul in th¢ C-h4LririL% (-IcLOLintS Al)cI RL'I)uri%) RlFul:1Ilons ?{Ill¥ Iirher rhan ali!. rcqiLir¢m¢nr thit thL ICLUUI)ts Kil'¢ H 'truc and F1r Irieiv wl)ich Is nol a mAtrer c(?n%iLlc red AS pari i)f an indcpcndcni cxAminari()ft. I I)AN'L no concerns and haipt. ionic acr()ss no orher niariers in tnnnecii(Jn witli rhe exAmiJiitii)n to whiLh Airenrinn shi)iil¢l l)¢ li) Ihi* r¢pi)rt in ()rdcr io cjiable .1 pruper uiidersrinding of The aci()unrs rn l)e reach¢d. l)L.l)i)rAh r.IAgilL. r,(... Indcpcnclciir l-.xaffliner ()r ind i)n l)ehalf of C.ruiie Isle of l141n l.l.C Cl)ArtLrLd .licouiiianrs ()th l-,In()r. l-ictun. 14ousL Pri)SPLCI I lill D<)LiglAS, Islc i)f ,Ilan 40 n4 IOLS
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Unresiricted Funds Restricted Funds Total Funds 2024 Note INCOME l)UilAuons & L¢w41¢ir8 L)()narcd I,ces & 4L'Thice 111715 11).715 111,447 111,447 -1,8()1 -1,8()I TOTAL INCOME 111447 EXPENDITURE l )Iher re4nurcL8 LxpenLled.. 111,447 111.447 441 .4dniii)istraiion 441 TOTAL EXPENDITURE 441 NET INCOME BEFORE TAX 14,1.15 14,1.15 TAX PAYABLE NET INCOME AND NET MOVEMENT IN FUNDS AFTER TAX 14.1.3.5 14,135 REcONcITION OF FUNDS: TOTAL FUNDS - broughi foTh¥ard TOTAL FUNDS - carried fonvatd 5.375 71,78t) 8.1,9?4 77.164 )141J9 'rhe stAteJncni af fin¢iiiLial airi&'ifies inclijdes all 1n% Aiid losyeq recogni.%ctl in th¢ i'car. ,4112mou(It4 rclarc ro cnJiriiiuiii8 nperaiinns. The ftote8 on p2gcs 8 t() l ? are ii n intL'grAI p2rt of thcse fJti8nci81 starcrnciirs.
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023 Unresiricied Funds Restricied Funds Tnial Funds 2013 Noie INCOME DonAiions & l.egaiiL'S l)r)nai¢d I,¢¢s & SLrK"Ic¢s 111.188 9,7811 Inrere4T 1.31)5 • l..l().I TOTAL INCOME EXPENDITURE Grants.. Kijig IX,illiiim'8 (.()Ilegr l )rhcr rc%ourcL'% expendcd.. F¢es &. .%ernices 9,7811 9.7811 433 433 TOTAL EXPENDITURE 4.33 NET INCOME BEFORE TAX TAX PAYABLE NET INCOME AND NET MOVEMENT IN FUNDS AFTER TAX RECONCILATION OF FUNDS: TOTAL FUNDS - broughi fornatd TOTAL FUNDS - carried forward 5.37. 011.63() 611,1114 1()4 'rhL' StAtemenr i)f fillAnLial acriviries includcs all gaii)s Ancl losses recogni%¢d it) th¢ I'eilr. .111 amounis relHii ro conriniiing op¢rarion8. I'hv notes On pa£¢% 8 fa l ? ?ri an inrcgrRI p'iirt i)f the%e fin.InLiAI srgrcmcnrs.
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 BALANCE SHEET AS AT 31 AUGUST 2024 Note 2024 2023 CURRENT ASSETS: Dcl)ior 1.074 g11.?X() 776 Lash ar l)ank 76.450 LIABILITIES CREDJTORS.. ..ImnLintF fg11inR duc iirirhin nne i'eir NET CURRENT ASSETS 77,164 TOTAL NET ASSETS THE FUNDS OF THE CHARITY UNRESTRICTED FUNDS -5,.375 71.-,89 RESTRICTED FUNDS TOTAL CHARITY FUNDS ,Ippi'i)i'cd And Atifh()riscd for i8sue l)!. rhc "I'rusrec on oli behalf ()f thc I ru%tce Nigel Il'()od fcJOI on l)chalf of the 'fn)%iee .%tcphcJi Bilht)gl)ursr I'l)I' nore.% on pxges 8 ro l ? are ai) inregrnl PArt of thLSL. fiiiancial statemLnts.
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS I ACCOUNTING POLICIES ChAnii." InLOorAtla iii b.n£lAnd ind is a fhAriiAI)Ic InLorpor2& ted ( )rgani%atic)n. The Ch1riN" 14 regjsic'red as a Chariry. numl)cr I1.57?611 ¢qiid irs rcgsr¢red (Iffice is 'l'hL %tAI)le%, l.iirlL ( Inii, C'hurili F_lir()n. Sr3ffDrd, F.nglaiid. %l'?1111.IL. "fhc princjpal r)fficL Is knng 11,'11111m's l.ollege. (.a8i1ero,n, Isle nf Ilan 111() I'rp. The ChArin' is rerer¢d in rhc Isle nf .Ilan as a C.h2rin' numl)er 133 Ind a I,cirei£n (.ompani' numl)er IKI()3761,' 'rhe financial siaremenis conipl}' Ivith the ChAritiLs .lit 2n1 i And Ilie ('l)Arirics Siar¢tn¢tii ()f Rec()mnieJided I'rA¢iice api)hcal)le io ch:Iriiics prC'p'.irii)) IhL'ir acci)unrs iii aici>rdance Th'irli rhi FiinAnLi&il Rlpuriin.Il)dArd ipplii',IblL iii Ili¢ Llk and R¥pubL of Irtland (I,'ILK 111?). C.112nrie4 Regstrari()n &2nd Rtrgulaiiun .Ict ?() l () Ind rhl C.hariri¢'s R¢giilArJnns ?11?11. 1Thc principal acL()uniing pOLIeS Adoprcil. judg?mi'nrs and ki'l. 50uries uf esiimari()ii unierrntt. in rhL' prLparAiion (>[ rhe financial siarcmenis are as foll1}r$.. a) Basis of preparation -Ili¢ tIllAlllldil %lilT('InLI)rs11ive l)een prepared in accordaiice 1rh ..l¢¢()unting 2nd RLporrinR b!. (-hArities.. StAtL'ment uf Rec()Inmeiided Prqirice appb"C2¢1)Ic ro rharities prLpAring ihi ir.Iccounrs in Acciirdance 1Th kinanci11 Ilep()rrin% StAndArd applicable in rhe 1TiJI%ILIL'r8 111.11 ihLre Ar£. n(} m:Iierial uJicc'rrillllliCS <il)()Lll il)¢ (-liiirit!' 8 Al)iliri' tl) Ll)ntinue as A g()il)X L(TrnLLrJi. 'I'hLre arc no 41reA% i)f HLljiisrmeiii Jior k¢!. assiiinptii)1)8 tliii i aflLCt iiL'm4 in rlie AcL()unr4 fi)r rh¢ currlnt ()r the n¢xi rep()riin£ periiid rhar affL'cr rl)e cAro'iii8 I'dliie of a55ets held l)i' rhe Chariry. Kiiig IX'illiAm's C'ollehjc. h11 S a&)reL'Il rii pr()iide fiiiaiicial siipp()ri ti) tht Ilirrc)NryAii I,i)Lllidirion L K l.'Ii ) in meL'ringJ ir% ul)ieLrii'is fur ai Ica41 1 ? mi)nth5 frojn th¢ dite of apprul'al tjl Ihvse fiT)AniiAI srAitinL'iils. ..18 U(h rl)c .1 ry1s1¢1 Lonsid<rs rhai Ihc C.harirt' is gninki L()I)LL rl), 'lThere ari. ni) Arc'as in ihi pr¢piifigti()n i)f the finAnLial 8r',Itcmenr4 ii.hiih reqiiir¢ niqft¢ig¢mcnr r() m¢ikc sigiiiflL11 nr jiid%m£'iirs. -rhL'r(' are I)i)t L()1)siIIL fLd li) l)g an!. kei. %¢)Iiric's ()( L'siii)i.'Iti()n un¢Lr11111n' thiii l)Al'i .'1 sigmifiLlni risk uf LIlLl4i1lg I mircrixl djusfinL'ni r() rhL' LArn'it)h) A Jnchiilils 1)f iig%cr4 aild iJ-Al)Ilities lthIll tli£. fiiiailLig1 l'iar. b) Funds strycture L'iiri'%irii ILLI fiiiiil% 41rt' A%'AiIAI)le li) 4pL nil ¢)n '.IctiiYiies ih..IT Fiirrhcr An!. nf il)I purp()SL 1)f thv Lh21 rin.. l)Isignarcd fLJnds 2re unrc8rrictLd funds i)f rh£ ("hArin'. dciiclcd at its di%Lrciion r() %tt ,'i%ide ro use f¢)r ? speiific Pu{)5¢. Rc'siricrL,d funds '.IrL. di)ii:Irioii -hiih the df)n()r %PCLified 1re to bc solelv u8ed for PAriiiulAr RrL2¢ % of tlic G.h2nN s u'ork or for SPCLific artistlL projcits l)cing undLrt1Len bi. Ihe Chiirin.. urthcr detaJl% i)f eAch fund Are disclosed in nore 4. (c) Income recoLtiOn .111 iniorne is reL0¥sed ,hell rhc C-hanr!. has entitlemcnt t() the fund8, Ini, pL'rf(IrmincL' Li)ndiri()ns artaLhL,d io thc ircirL(sl of inciimc hdlI'¢ 1)een met, it is prol)al)le th.At the income will be rcc¢ii'¢d Alid the xmouiit can l)e MeaUred rciJal)l!'. l)DlIAliQllS, Art rLC()gni8cd w.hen the Ch1rin' h.,Is bL'en iioiified in ivrJtiiiK of l)utli ilit. 4IITI()iinl AnLI etTI¥mill[ daiL. lii ihtr Ll-cllt thid t don2tion is sul)jL'ci ro condirinns Ihai r¢quir¢ a l¢i'¢l ()[ pi'rf()rmAni¢ l)eforc' rl)c' ih:irii!' is c'niirlLd ro rhe funds, rl)L' ini()InL' is deferrcd and nor rec()gni%ed until Lither thv%e conditicins Are fulli. mci. vr thL. fiilfilJi)eiit uf th()sc coJ)diti()118 is ,oI11- Iwiihiji thc control uf the ChArirn' InLI li is prnbal)l¢ rh31 thnsc conth'tJon4 l)e fulfilled in ihe reporting period. For legAcies, eniirlernenr is raken rhc CArer of thc d21C ()n ivhich eirher: the chariri. is aware thar probaie has l)een gr'Anted, th c8r8rc has h¢¢n fin1hed And norJfiLatJon ha8 beln made l)i' rhe executorls) ro rhc ("haritt- thAt a di5tril)utioii wll bc madc, or hen d di5tril)iition is reieii-vd fr()m the cq11re. Rcceipi nf J legdlc!., in -hOle i)r in pari, is onli. Lonsiiler¥d prc)l)11)li' ii'hen the ainouiit Laii be mcasurcd rclial)li- And rhe Ch%rin. hS becn notified ()( tli¥ exeLUlI)r's inr¢t)ri()n rn make a disinl)utinn. IX&cr¢ l¢Kacics liai'c been nutifiL.d t() thi. ChArin', or rhc Chariry. 1$ 21i.are nf rhe grilt)riJig of prul)<c, RnLI the Lnitri7 for inii)mv rvcogniri()n hill'e n()1 l)¢en mcr, rhcn Ihc Icgac!, is a rr¢at¢d 28 a c()ntingent asset And disclosed if marerial. Miere ehle, Er Aid reclRimed Iturn IIIIRC. nlere5t un fiinds held on deposir is includ¢d when receiiTrble and the Amount can be measured rehabli, b)- the Chann,. t"$ is nonnAII!- upoii notifiLarion of rhe interest paid or pxi'dl)le b!. the l)xnk.
THE BARROVIAN FOUNDATION UK CIO
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
NOTES TO THE FINANCIAL STATEMENTS- coniinued
d) Donaied fecs and 8errices
l)<)Jiared prolcssional seThryces and donAred F2cdirie% are recngjiised 2s incom¢ ivhcji rhe C.hariry' ha8 Cojltrol oi'er The iicm. aniy
cLiiicliuuns Associated M?ith the donarcd iicm hAI'e l)eer) mei, il)e reLLlPI of eionL)mii l)Lnefit troffl the use l)I' The Lhdrin. ()f rhc
iré'in is probal)l¢ Atid that cciinumi¢ l)envfit can b¢ mcdsur¢d rL.hal)l)'.
l )ii rcccipr. donated pr()fess1()nal sen'iLv8 And dunited FdLilitie% ArL rLLognis¢d on rhc l)4151% of thc iTaluc nf rhe gfr rn rhe C.hxriry'
u'hiih 1% rh¢ amouiir rh¢ C.harirn- ii-()iilil hai'c l)¢¢n ii'illiiig tl) Plf !' r() nl)rAin scn'iccs oi. faLiliri¢8 1)f c4uiI?xlent ecuni)mic benefit on
tIIL open m'Arkvt' A cc)rresponding amouni is rhen recogynisc.d in LXPLI)ditLLrv iii rliv PLriod of reLeipt.
e) Expenditure recognition
l.i',Il)IliriLs 'irc r¢LI)giiJ8¢d as ¢Npenditurt #% 80011 is ih¢r¢ i%¢ i Icgiil rjr cnnstnicrii'¢ nbligarii)n ci>mmirring rhc Cliariri. ro rh21
'Itioii ian l)c ni¢a8iirL,d r¢knAbli'.
..111 c'xp¢iiditure 18 ac¢oiinivd fi)r an Ai) accruals h?sis.
(Jf¢ll)rs P¢ll'al)Ic iifc P¢l!'InLntq nldiLII' T() thirLI P41fTiI'S in thc furih¢r:IllL¢ of tl)I' ¢harii;Il)Ir i)l)jcct4 c)f rlic. C.harir)'. In ihL ca%e ()[ An
UIIL()nLliti()i)al %rAnt offLr Il)i8 is :ILiru¢,d i)iicc' rhc, rL'cipiLiiI hxq l)LL'I) n()iificcl <)f IhL' KrAI)r aii'arLI. CTf
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS- continued 3 TRUSTEE REMUNERATION AND COST OF KEY MANAGEMENT PERSONNEL 'I'he Lei. mRn&igemenr persr)niiel c)f thc (-harin' rompri8¢ rhe Dectl)r of thL. Li)rporaic -1 rusrcc a150 includ¢ rhe C.kn'¢f ( )pvraiin&i ( )ffiier ai)d I lead nf F.xr¢rnal Relarions of King IKilliam's (-.oll¢gf. Ivh05e empl()!'rnenr is ivirh and remunerariun is s¢ril¢d l)). King l¥.,111 s C.ollegtr and disil()%ed '1[hin the xiinu1d I report of King Il'illihni's ("()Ilcgc. 'I'h¢ '] ru%rec r¢ceiip¢d nn emvlumLnrs or other l)cnefirs frnm rhc ChAritt' iii thL I'e:Ir l?11?3.' £'nill. iieiilicr li'3 Ir rcinil)iirsLII Trustte c'NpeiJses (luring ihe iexr {•ll?.l.. Liiil). 'I'hc .1 nJ5rec dicl Iiut r¢Lcii'L PAI'zncnr f()r pri)fc'ssii)nAI ur ()thir SL n'iLV% SUPI)lied 11> ihc ('harir)' (•ll?.l.. £iiil). 4 ANALYSIS OF MOVEMENT OF FUNDS- CURRENT YEAR Balance Balance 31 Aug 2023 Income Expenditure 31 Aug 2024 RESTRICTED FUNDS -IiinuAI 'Ll1]d 53.9(17 1?.44 (441) (14.1417 Scli()larship% & 13iir%arics l)crf()niiiiig & I'isuiil .Irt8 ?,114.1 p()rT Bii¢hAn %chr)()I i?11 TOTAL RESTRICTED FUNDS 71,18() 14,57(1 441 UNRESTRICTED FiJNDS 5,375 77,164 111.447 (111.4471 (111,8881 5,.175 )1 ?9() TOTAL 4 ANALYSIS OF MOVEMENT OF FUNDS- PRIOR YEAR Balance Balance 31 Aug 2022 Income Expenditure 31 Aiig 2023 RESTRicfED FUNDS ,Innu,'Il I,Lincl 46,1117 9..fj>8 8,?.}3 ? 8()11 (433) 53,9n7 1 ?.448 iholArships & Ilursarics Perfomiing & l i%ual .4rrs Science 1.9?3 p()rr Buclixn Sch()ol 8411 9()11 41)1 TOTAL RESTRICTED FUNDS (?11.6.39 11,583 (43.1) 71781) UNRESTRICTED FUNDS 5.375 6().1114 9,780 ?1,363 (9 7811) 5,375 TOTAL 10
THE BARROVIAN FOUNDATION UK CIO FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS - continued 5 DEBTORS 2024 2023 I I.IIRC. gifr aid Bank ItJt¢r¢'si 1(14 776 910 1,1174 776 6 CREDITORS 2024 2023 .4Lcruals {(,? 7 ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS AS AT AUGUST 2024 Unre8¢ticied Income Funds Resiricied Funds Total Fiinds 2024 CURRENT ASSETS.. 1.074 1.1174 911,•86 )1,-360 L:Ibl) Ai l)Ank -1,375 t14 1)] I 8.5 1)85 LIABILITIES.. CREDITORS. I 17l()Iints falliiig ditc uirhiii one J'exr NET CURRENT ASSETS -j,37.1 919()() TOTAL NET ASSETS 1S.5,994 91 •()[) ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS AS AT AUGUST 2023 Unrestricied Income Funds Restricted Funds Total Funds 2013 CURRENT ASSETS: DvbtcTrr 776 776 Cash At l)ank -1,375 76,4511 71,851 LIABILITIES: CREDITORS.. Am(TriiiitN fAlling duc rythIn ()nc' I'¢ar NET CURRENf ASSETS 71.781) 77,164 TOTAL NET ASSETS 5,3:. 5 77.164
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS- continued 8 REIATED PARTIES in.4 11 illiim's (.ollcgc ?iid 'll]e Barroi"ian Found,.Iri(Jn LIK CI( l Arc ii)nsidir¢d 11) lie rtrlaied l)vdies .14 Ihis ()rkFiAni4aii()11 h:1$ l)vvn esiL21)Iishe(I ro rAise funds tor thL %ihnnl. 'I'hc .1 rusicc. of rhe B2rroi-iAn Fuiind411Jvi) LIK LI( l 1% rhe Barrc)iidn FDundauoA ii,hiLh has l)ireifc)rs wh() ?rc alsc) meJnl?crs ancl t)Irecii)r% ()f kn'ng IX'illiAm'% (-.Dllcgc. Balance Transaciion6 DR/{CR) 2024 Transaciions Balance 2024 2023 DR/(CR) 2023 King William's College IIiiLI' Ll)IllpAllI. l)alhi)LC t I Septcinber l)r)naied fce8 ai)d scrl'iies 111,447 ),7811 19.7811) E,eL's and %L'rnices (111.44 1) C?fAJlfS iqwardi,d to Kll'c CifAlifS paicl io KKI.'(' Inrer-c(ImpHii)' l)a151nc¢ Ai .31 .Kugu%t