THE BARROVIAN FOUNDATION UK CIO (CHARITY REGISTRATION UKNO: 1157260, IOM NO: ts32) (COMPANY REGISTrATION NO: (NJ6376F) FINANCLAL STATEMENrs ENDED 31 AUGUST 2025
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST CONTENrs PAGE TRUSTEE'S REPORT AND TRUSTEE% RESPONsIBILM STATEMENT tNDEPENDBNf EX4MINER% REPORT STATEMHNf OF FINANCL4LACTtVLTIBS BAIANCE SHE 12 Banket HSBC B£ plc 281 chisrn¢k Hi811 Ro*d knd¢)n IX14 4HJ Indepeodent ExAmiAtr Crowe Isle ofmm 6th floor. Victory Hou8e Prospect Hill 18le of Man IMI IEQ Re8iStered Offi¢t The Bgmviffj FOu[tion UK CIO 23 Ashd81¢5 StAlbAni United 0M ALI 2RA Principal Office King1ViUin'y College castl¢ton. Isle oEMgn IM9 ITP
THE BARROVIAN FOUNDATION UK CIO FINANCIAL %fATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 TRUSTEE'S REPORT The Trustee piesen15 Its trport togethcr with thc 6nsnci2] statement¥ for the ye#r ended 31 Augu$r2025 which the state OE the Ciwity'5 2ffsirs. The financial ststemcnt5 comply with the ChtIeS Act 2011 and Accouttring and Reporting by Charitie8.' Sta(ernent of Reconunended PyA¢tice appkncable to charityey prePng their Accounts in a¢eordance with the Fillanci Reportlng S[4tld applicable in Ihe UK and Republic o(Ir¢lond (FL4 102), Chariues R¢gi$tratioft and Re80n Act 2019 9Ad the Charitie& R¢gu]ation5 2020. The Chariry was Eorlld as a CharirAble JDCOLV)rAted Otganszation Ott 30 MAY 2014 in England ICh2rity number 11572601 and the strncttw¢ of the Chatity is governed by irs constiNtion. The Ch2nty was incoTrorated irt the Isle of Man as 8 Forcy) company (Company number 0063764 on 16 July 2021 and ce8iStcted in rhc 1s]e OE Mart as a chariry (Chatity number 1332) on 28 MArcb 2022. PRINCIPALACTJVITY The Ch#nry's principAI acllry ts l#id out in its consutution document darcd 4 Msy 2014 and 18 to establish a means of strnctured long term fvnd raisirtg in the United Kiagdom to a88i5t in 0dvan¢ement of the edurauon olthe PUPLi8 4t KingWJlliAm's Colle8t. The Buchat) School and The Buchart Nursery. Castlctown, Isle of Man (ro8ethet"tht School.) by th¢ devclopmtnt of facilitie&
nd 8upportin8 buts*yes for pupiJ5 who attend, or wish to •tt¢nd the School in parallel vlith the Isje of Man th8rxty. The Batxoviln
Foundabon. The Charity Beek to promote An awareness of the need to SUPPOrt rhe %chool rLnd to complcmcni the work of the Alumni Societies, prt, Priends And %tknholdex8 ofthe SthoDI. FINANCIAL RESULTS Grosy income for the year is £57,610 (2024., £25,023) expenses £11252 P024,' £10.888), thring the yeir grnnr8 toralling £52.828 wcre made to William'8 College (2024.. The net (outgoin811incomirtg resource5 of (£6,470) (2024.. £14,135) havc bttn traftsferred to rcserve8. Duritig year ended 31 August 2025, th¢ Foundarjort, the Govemors of Kin8 Wl'S Colic8¢ and The BuchAn.%chool, the Bishop BArrow's Foundation and the School's Seftiot LeAders'P Tcam worked on 4 new dcvclopment strotegy to riisc ¥dditional hinds For the School. The Rooted in Legacy. Built for the FuDJre Cpjnpaign was IAunched in IAte Sprin8 2025. T.8 scheme which offet8 donors the Chance to record Ihcir invtslvemenr afKI support ol the School by tYing insctibed btick h?$ proved EM)pu]r wirh alumni and curteoi ptertr8 alike. Thesc funds have initiAlly been utih$ed in the refurbi$hmcnt and upgradin8 06 fciiiue$ during the rr/nsitLon of the King wi.1,$ College site to incorpoc2te the Buchan Nut8¢ry and The BuchAn Sch(x)l. An gdijivon apptsl by the PLinctFal io 8UPPOrt the fvnth'ng of HMC 8chol#rshipg &ttseted, rther donAtion$. RESERVBS POUCY Note 7 to the financi81 strements shows the 2JS¢t8 And iiAbi)iticJ xttributablt to the Resthctcd 9nd Ut)ce&tticted ndS torg11ing £84.82912024. £91,299). Exp¢nditt]re by the ChAriry. in the form of gtAftts to Kaog W1&[n.1 Co]]e8e ts derivcd 4t>d detetmined from th¢ irtcomc given to date. Therefore the Icvcl OF frtt te$ L5 liy& adequote to meet cornznittnents. STRUCTURE, GOVERNANCE AND MANAGEMETrir The Directors of the CoEporAte TDJ5rec (The Barroviaft Foundation) determine tht genetsI policy of the Chariry and meet regularly. reporritig to the King WiUism'$ College Fin*n¢¢ 3Jkd General PuTrose5 Committee (F&GP) or le8$r termiy. Ditector8 of the Corpoixte Twytee are eithtt current former Governor8 of King Wthiam's College. TRUSTEE The B8rrovigA Fout)dation- Isk of Charity numbcr 1004 #nd COmpY nllnber 114745C. The constittltion allows fot up to 6 Trustees who Appointed from time to time by the metnber8.
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 AUGUST 2025 TRUSTEE'S REPORT- coniioued TRUSTEE'S TRAINING The Dtyecrors olthe Cowrate TLUSttt. The Bstrovian Foundation. are at$0 euttent ot fom]er GovernoTh of tbe School. All Governocs #rt #sked to read Mdely and undertake appropfjatc training. KEY MANAGEMENf PERSONNEL REMUNERATION The Tn)%rce c(kAsiders the board of Directors of the COOr4¢e.rrllstcc, the Ckn'ef OperAt%n8 Officer 2nd the Head of Externa] RelauoAS ttt King wlm,$ College as Lomprising the key martagement pttsonnel of the Chlty irt ch9Xgt of directing and controUin8 thc ChaLIty And WAning and operAting the Clwrlry on a d2y to day ba$i8. All Dsreciors CIE the CoTrorAte Trustee gi of Iheir time freely And no dircctor rernuneration nor repayment of expcn&es w95 paid ift the Ye P024.. £t)iil. The Chief Operating ()Eficer and Hr4d of ExtetnAI Relation5 ar¢ unployed by King William's College cortsidered to be key m2nagemertt personnel of that entity. Therefore disdosure of their temuneration i5 tnade the financial $taternent8 of King wi.m,8 Colle. Directors of the coooratc Tn]5ree Ate tequired to disclosc sll rdevant iAterest8 register them with the Cm'ef Operating Officer and in accordance with the ChAtitJe8 policy withdTrw frotn deei8ions where * WAth"ct of Anterttt ari8e8. REIATED PARTIES AND PAY POLICY FOR SENIOR STAFF Thc Trustee and the Dtrtstocs oEthe Cotporate TnJ$ttt do not teceive remunerAtion ot benefits from their work with tht Chaciry. Der9Jis of gny re]ated p¥ry tArtsactions Are di5clwd in Dot¢ 8 to the accounts. PRINCIPAL OFFICE AND PROFESSIONAL ADVISORS Re8iSteted offi£e- B2rr0Ity2A Foundguon UK CIC). The %tabies, Little Onn. Churth Eaton, Stdfford, ST20 OAU From 23 Februory 2026 . The BarroviaA Foundauon UK CIO, 23 Ashd(Lle$, %t Albans, United Kin8dom ALI 2KI Independent EXninct-.rowe Isle of Man LLC, Victory A¢>use, PtO8pect House. Dougbs, 18le of Man B8nker$- HSBC. 281 Chi8wi¢k High Rold, London W4 4HJ Approved by the Truitee5 At * Tru$t¢e meeting held on On behlfof the Tnjstee Nigd Wo( On behaiE of the Tntstcc Stephen Biuinghurst
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE TrEAR ENDED 31 AUGUST 2025 TRusfEE'S RESPONSIBILITIES The Trttee is r¢ypt>rtsible for prewiog u1 repott SAd financial st2tefflcnts in gccordance with applible JAW and regu]8uons and UK Acci)untitig StAndth (United kngdom getY accepted 3ccollnting practices . The Ch8itties Acr 2011 The Charities IAccDunt5 and Reports) Regulations 2(M tequire the Tw$tee to ptep9tt fjxw Sratements for ywwhich give a tnje %nd fair vlew of the 5tat¢ of affairs of the Chaitty 2nd of rhe incoming rc¥ource8 and oppiicauon tsf the resol¢¢3 oEthe ChAriry. ittcluding its Ancome and ¢XP¢Dditure. In prep9xing thc$c fth4tteial staremcnrs the Trn$tee is required to.. 8elect suitable accourtting pcihcies and then apply them conuilterttiyp obseEve rhe merhi)ds And principlcs in the Étvlic2ble Ch9XiUe5.%OPI).. makc jud8ments And Accounuttg estimates thot ace prudent And reAYonab. Stote whcthcr appIicèble accounting sr&ndard8 h4ve been Eollowed subJ'e¢t to Any materia] departur¢$ th$¢ must be (hstlosed artd eXP.ned in the fmaniial 5t2rcmenlS: prep4r¢ the firtanciAI StAr¢rentS on the going con¢¢rn basis unle85 It t¥ inappropriite to preJum¢ th¢ ChAriry will wntinue in operation. Thc Trustee 18 rttponiiblc for keepirjg pioper oUnting records that ate suffictent to show gnd explain the Chity's tranyactions and di8clo¥e with rc23OnAble accuracy at ny lime the finomoal poyition ofthe Chotity artd to enAble it to en5urc th8r the fiftanc $t*tcmeAts comply with the Chatifies Act 2011. the Chatities (Accounts And Report81 ReSonS 2(K>8 and the prowsion$ of the ChAriry'¥ c(>nstitUiion. It is a]so rcsponsible fot 8Afe8u¥xding the Asiem oEthe ChAtity and rgking reAsonabk Jt¢pi fot the prevtntion and detccuon ocfraud and other lu¢]tlies. Approved by th¢ Tmjsteu At i Txwrce meeting heid on On b¢hf06 the Tnjatee Ni] Wood behglf of the Twstce Stephen B1ngllrst
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMETrifs FOR THE YEAR ENDED JI AUGUST 25 INDEPENDENT EXAMtNER'S REPORT Indcpelthttt examinee$ report io the chaftry ttee9 of The Barrovian Fourtdatioti UK CIO J report to the ttwrces on my examination of the accout)ts of the Barroityan F¢)undAtion UK CIO C'th¢ Trusn for the yw ended 31 Aust 2025. Re8ponBibi]ititt And basiB o(Teport A5 the chAritls tnjstees of the foundauon, you Are ttsponsible for the prep%rAdOn of the Accouat3 iti 2ecotdnce with the requir¢thentÈ of the Charities Acr 201 I f'the Ace). I report IA tespe£t oEmy examinauon of the foundguon'5 aCCOUrtrs carried out under section 145 of the 2011 Act and in carryitig out my exarnirt4ti0n I haye fg]Lowed all the applieablt DArections Ven by the Chariry CornnJis$ioft under 8ecuon 145{5)Ib) of the Act. Indtpettdeni exmxtite8 atatemwkt I have completed my cxsmin2ti0rt. 1 confwm that nts mAteri matters h&Ye come to my att¢ntion ift con1CtIon wlth the examin#tion mc £Ause to Ixlicye thr in any rnatcti respeet.. (01 acwuntiti8 tecordj wer¢ not kept tn reswt of the foundauon rtguired by $ettion 130 of the Aci; ot (b) the 2ccountJ do oot #ccotd with those tt¢otd8', or (cl the account5 do not comply with th¢ #ppLieAble requircmcnrs concemin8 thc fom) and contcnr of a¢wunt8 set out Art the Charirie$ (Accourtts find Reports) ReguJotion$ 2008 orher thAn Any rcguiremertt that the accounts sive 'w¢ attd fair view whj'ch is not A matter conJid¢ted A8 P9n of In independent examingtion. I have no conc¢rn$ ind have com¢ •cr05s no otlier mgtteLS in connection with tht exanwnation to which $tt¢ntion ihouLd bc drqwo in thL'$ reportitl order to enAble * proper understanding OE th¢ accounts ro be r¢ched. Deborah CIAVC FCA Indepertdent Examiner For And on behalf of Crowe Isle of Man LLC Choncrcd Account*ft 6th Fioot. Victory House Prospect H Doug1¥5, Isle olman Date.,
THE BARROVIAN FOUNDATtON UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDBD 31 AUGUST 2025 STATEMENT OF FINANCIALAcftVlTIES FOR THE ITAR ENDED 31AUGUST 2025 UwtBtsicted Fwidl Reitiicted FuDd• Total Fund 2025 INCOME Donotioos & L£gaae8 Donated Fees & suvice8 Interesr io,orM) 10,853 2,463 23.316 34294 44,294 10,853 2.463 57,610 TOTAL INCOME 34294 EXPENDITURE GyAnts'. Kin8WLlliam'5 College Oiher resourc¢5 ¢xpeAdcd.. Ftt5 &.%crvices Admifti8trauon 15J75 37,453 52,828 10.853 10.853 399 399 TOTAL EXPENDITURE 26.228 37,852 G4,080 NET EXPENDITURE BEFORE TAX TAX PAYABLE (1912> (3,558> (6,470> NET EXFENDITURB AND NET MOVEMENT IN FUNDS AFfER TAX RECONCILATION OF FUNDS: TOTAL FUNDS- btougb¢ forntd TOTAL FUNDS- cattied forwArd 2,¥J12 (3,55 6,47 5.375 2,463 65,924 82.366 91.299 84.829 The stAtem¢nt trf financial activities indudcs all yin$ *rtd108ses reco8nised iti the y. All Amounts tdatc to coniiAuin8 opeLXUOD$. The no¢c¥ ¢)n PA8es 8 (0 12 4c¢ an integThl p9rt OE these financi9J Jtsr¢tAeftt8.
THE BARROVIAN FOUNDATION UK CIO FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31AUGusf 2024 Unreltricitd FuLd8 Re•tiicted Totsl F¥ 2024 Note INCOME Donationg & LecleS Donated Fee5 & $enTices 10.71S 10,715 10.447 3.861 25.023 10,447 Interc$t TOTAL INCOME 3.861 14.576 10,447 EXPENDITURE Gr¥ni$'. King wlM,8 CoU¢ge Other r¢8ource$ expended.. Fec5 & SerrieeB 10,447 10.447 441 Admiwstrauon 441 TOTAL EXPENDITIJRE 10,447 441 10.888 NET INCOME BEFORE TAX 14,135 14,135 TAX PAYABLE NET INCOME AND NET MOVEMENT IN FUNDS AvfER TAX RECONCIIATION OF FUNDS: 14,135 14,155 TOTAL FUNDS- bxou8bt forw4 TOTAL FUNDS. ¢•ttied forwafd 5,37S 5,375 71,789 85.924 Tl.164 91,299 The Ji8tement of financial $ctiiryiie5 includes all 89inJ rtd losses teco8Dised irt the yeAr. All grnount8 relate ro conunuing opetsuon5. The note$ otk page8 8 to 12 4r¢ #n integd p9rt of theye fthncig1 iNtements.
THE BARROVIAN FOUNDAT]ON UK CIO FINANCLAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 4LANCE SHEET AS AT 31 AUGUST 2025 Note 2025 24 CURRENT ASSETS: Debtor 82,972 1,910 84,882 I,074 90286 91,360 Cash at bAt)k LIABIUTtES CREDITORS.. th)ounrs falling due withtn one ytst NET CURRENT ASSETS 53 61 84.829 91299 TOTAL NET ASSETS 84,829 91.299 THE FUNDS OF THE CHARITY UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL CHARITY FUNDS 1463 8136G N4,829 5,375 85,924 91.299 Approvcd 2nd tuthorised fot issue by the Ttttstee on on bxhalf of rhe Tnutr¢ Ni8d Wc>od on behalf oEthe Trust¢c ,Stephen BJ]ghrst The notes on pwg 8 to 12 att integral part of thesc Enancial 5tstements.
THE BARROVikN FOUNDATION UK CIO FtNANCIAL STATEMENfs FOR THE YEAR ENDED 31 AUGUST 2025 NOTES TO THE FINANCIAL STATEMENTS I ACCOUNTING POLICIES The Chariry is Jncorpordftd in Englattd And is 4 Charitable Inco£potaied UrgAnistion. The Chariry is regjstered As a Chariry number 1157260 its regtered office is The.%rabl¢s. ttIC Onft. Church Eaton, Stafford, EngJaAd, ST20 OAU. The ptincipal office is Kjng WIllM.5 Colle8e, Castierown. 151e of Man IM9 ITP. Thc Chariry is registered in the Isle of MAA as A Ch2tity Aumbt¢ 1332 and 25 a FortAgn Company ttumber 006376F. The finan¢JAI statements cotnply with the Chiritie$ Act 20112nd the ChAririe$ Siaternent of Rtcomn7¢nded PrActice app]ic2ble to hanties Preping their accounts in Accordance with the Financial Reporring StandArd Applicablt in the UK And Rcpubkne of Ireland (FRS 102}. Chariric$ ReStrati0D and Regdotion Act 2019 artd the Charittes Regulationy 2020. The principal accouAting pobcies adopted judwnts #nd key sources of c$urngtii>n uncett¥iary in the prep9nuon of the 6nanciaL staicments are as followy.. ) B16 of prep4r@tiOII The financiol statement$ have bc¢n prep•red in accordance with Accowitirtg Reporung by Charirie8'. Sta¢ern¢ni of Recommended Pracuc¢ appbcable to chaLiues preparing their acwunts in Accord8nce wAth Financiol Repotting Staodard applicable in the UK #nd Republic of Ixeiand (FRS 102, 4eLuon l A- IChaYiuc$.4ORP (FRS 102)) snd the ChAfitie8 Art 2011, Ckniue8 Rcg$tration and Kegu]auon Act 2019 and the Charitie8 ReIltiOnS 2020. The 6fL9ncial $trem¢nts Itt presented in pounds $terbng and routtded to the nc¥r¢$t pound. The Charity's &]ncuonAi and prcsenNtiosv41 currency ij the pound 8terlin8 (O. There gxe no trAn$2Ction8 ift forcign cutreAcie5. The Tnjstee considers Ih2t there are no mgterial uncertiinues obout the Chariry'e abiiiry ro eontinue %5 8 goArtg concem. Ther¢ ar¢ rto areas of %dju$imenl rtor key a%surnpuon8 thxt affect items in the account8 for the curttnt or th¢ next reporting peixod IhAr 4ffec( th¢ earrying vaiuc of a85ets held by thc Charity. ng WLlliAm'8 Co]]ege hAs xgrccd ro provi¢k 6nancial 8uppon to the Batrovian Foundauon UK CIO in m¢¢ring its objecuvci fot ai least 12 months from the dare of ¥pptovaJ of thesc fm¥nciAI statement$. AJ such rhe Tnurcc rottgidet8 thdt the Chsriry is A 80in8 Cortcem. There firc no area8 in rhc prep¥yAUOn of the fAncIsI sraEemeniy wlu'rh tequlre m9na8cmcnt to make 8ipfic2nt judgments. There are not consideted 10 Trx any key souree% of eyrirnation unceff92nry that have a si8tiifirmi iisk of causin8 11 mit¢a8J gdIu$trtAt to the cryg mounr5 olas$¢i8 and liabib'uty wIt.n the fityAnC y¢aT. bl Futtdi itructure Untestrict¢d funds gre avadible to Spend on lctivxties tht knther ¥ny of the puo$c¥ of the chariry. De5J8nAttd funds are nrestrtcted fvnds of thr ChAriry. decided at it8 diicLeuon ro 5Ct aside to use for * specific purpoye. Restricted fund8 are doDlUOrts wlu'ch Ihc donor ha8 speci6cd Ire to be 801ely used for PArticulAr are95 of the Charirf$ wotk or for specific atti5tic projectB txin8 undertaken by the Ch£tity. Furth¢r detsi]s of eArh fund ate di$c]osed in ttote 4. (¢) Ittcome recoptiott All income 1$ recognised when the Choriry hag £ntidement to th¢ nds, any perfoaOrC con(h'tions attgched tts the item(8) OE income have bten rnet, it 13 probsblc that the incomc bc received and the 8mount can be mv45ured rebably. Donations, are re¢ogns5ed when the Ch¥iry hAS been noufied in wtitin8 ofboth th¢ amount xnd 8¢rd¢ment date. lft the cvent that o don8uon is 5ubi.ect to conditions that requirc a l¢vel of pcrfomioftce before the chAriry IB entitkd 10 tht fvnd$, the income i& deEerted ind not recognised cither those ¢otsthtions ar fully ttleo or rhe flllfthnent of those ronditi<>ns i& wholly wrythin the control gf the Charity And it 15 probable thot those conditiotts wi]1 bE tulfjlled ift the £epoLtitig petiod. For Icwies, entitlemcnt is token the eArLi¢t of the date on which either.. tht chArity As that ptobate ha5 been gronted, th¢ e8tate has becn fin2]i$ed and notifll(> has been made by the executorl51 to the Chlty that a distribution tsill bc made, ot when ds$ttibution is received from tbe estrAte. Rettipt of a legacy, in whole or in r[. is only considertd probable when the amount can be measured reliably and the Chartry has bcen notified of the executor's intenuon to make a (bstiibution. lTher¢ IcgJcies have been notified to the Chanry. or the Chariry is aware of the granring of probate. ond the cntetia Eor income recognition hAYe nor been met. then the Icgacy is a treated 28 a contirtnt x$set disclosed if mateti9J. Where ebgiblcb fI aid ts reclgift)ed from HMRC. Intete8t on fi]Dds hdd on deposit 15 Anduded when receivable th¢ any)unt can be measured liab by the Choxiw, thi5 ts Dorrnally upon notification of the terest paid or payable by the bsnlL
THE BARROVIAN FOUNDATION UK CIO FINANCIAL sfATEMENfs FOR THE YEAR ENDED 31AUGUST 2$ NOTES TO THE FINANCIAL STATEMENTS- continued dl Donttd fee8 and 8ervice8 I)on2red profe8510nal scrnpiccs and donaied foa]itie5 dre te¢01$ed ay Incon when the Ch¥yry has tontrol over the itetn, gny Conditions 4ssocJated with the donated item h#ve betn mcr. the receipt of econornic benefit from the use by the Chariry of the itern ts probable that cconotNc benefit can bc rncasured rcIiably. On rtieipt. donated professional services and dosvAted faciliries recognised on the basis of the VA)ue of the gift to the Charity which is the amount ihe Chariry would have been willing to poy to obtain $cmces or facilities of equildent ecoLM>mic benefit on the open market; a cottesponding 4mouftt is then recwsed An ¢xpenditure in the pe£iod of recefpt. c) Expenditure recorytit>n liabLbties Are recobmised %8 expendywr 2S SA ai there 1$ a legal or con&tnJcuve obligAtion commirring the Cknity to thor eXndIn)re, it 18 probabk thar sett]ement will b¢ r4uired #nd the amount of the ob]LgAtion caA be measured rebly. All exPen(b'tt¢ is accounted Eor on 4rrwal$ buis, Gr2ftr8 pay%bl¢ at¢ piymenis made to third Ptte% in thc rthence of the chotitabl¢ objects of the chlty. Ift the cAse of an unc(hn(h'tion21 graDT offcr rhis 1$ acctued oncc the recipient hA8 beeft notsfied of the grant ward. Grrtt6 &W9tsds thAt are subj'ect to rhe Xeclent fuifots'ng perform4n¢c Con¢[10n6 are on]y i¢¢ed when the recipient has been noufied of thc g¢4nt and any rtmainirtg unfvlfjllcd corLdition 2Ching to thgr grant IJ outside of the control of the Chtity. Prvvi$i0rt8 for 8ranty ace mtde when the tnrention ro mAke a 8rant ha8 been communi(at¢d to the recipient but there ts uncertainty A8 to the unvn8 of the grAnt or the amount ofgrant wAyAble. Q Itttcovetble VAT Jrrecoverable VAT is chAr8ed agAat the expcnditute hegding Eor which itWA8 irtcurred. 8) Co$h at bank and itt Cash at bAnk And cash in hand includes cash And short term h1Y ]iquid invt8ttnents with o short maturity of rnonrhs or kss ftom the date 01gquisition or openin8 of th¢ deposit or similar ¢towit. h) Debto Debtot8 arc reco8Dised at the undiscouni¢d am¢MJnt receivoble net tsf #ny ptoviaion for Impimrtt. i) C(¢ditot8 Aod provi8ionB Crediton and prowBiOllS att rcco8nised whexe the ChLiry h¥ a present objigauon rciu]tiAg from A PA8t event th¥t will probably result in the trsfer of ndS to % third p9rty and rhe nout due to 5¢trJc the obligation can be rn¢a¥ured oi e$timted re]i4bly. Cte(btors and proviyion3 are normally cec(wll8ed at their settletnent an( afrer 9JiowiAg for any ttde th'5counrs due. The Charity only h#3 finAnag1 Asset8 and finArtcid liabJtiU¢s of a kirtd that qU9Jify bayic finaftcial in$rnDiicnty. Bastc EfftaAeifi] inytDJtnents ate initially reco8tllsed at transaction v¥lue #nd 8ubsequently mesuted At rheir setdcm¢nt vglue due to their shorr temi nanJr¢. 2 TAXATION The currcnt Actiwitie5 oEthe Chlty ar¢ cxernpt from Income TgL There is not expected tti be atty cbAnge to the ch9ri$ tsx status in the ture.
THE BARROVIAN FOUNDATION UK CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGU X125 NOTES TO THE FINANCIAL STATEMENTS- continued 3 TRUSTEE IiEMUNERATION AND COST OF Ey MANAGEMETrrr PERSONNEL The kry man3geent peE50nnd of the Ch92ity comprise the Direttor8 06the Corporate Trnstee grtd 4]90 include the Chief Oper2tiftg Offieer and Ftead of External Re]atsons of Kingwlliaxll's College, wh05e eploY]eAt J$ wAth and temurteration is settled by "nWIl.affi.s College and &"$ck>sed wAthin the annual report of KingWilliom'$ College. The Trnstee received no emolument$ ot orher benefits from th¢ Chariry ID the ycar (2024.. £niil, neithu was It teimbjrsed TNstee expeftseg during t.he year 12024.. £nW. Th¢ TnJ$te¢ did ttor recerwt PAyment fot profes3tonAI or other setvices suppbed to the chlty (2024.. £nill. 4 ANALYSIS OF MOVEMEFrf OF FUNDS. CURRENT YBAR Balatsce Baiaoce 31 Au8 21)24 Income Expendinllt 31 Au12025 RESTiucfED FUNDS Attn Fund 64.817 7,548 14,550 11.465 120 (1,6391 (12,71XI) 123,Sl3) 70,726 1.850 3265 2,390 2,163 1.21X) 772 Ruoted th Legacy CAmpAi8n choloxshL'PS & Bursarie Performin8 & VISU Arts Sctenc¢ 15J13 2,270 2.043 1,080 401 120 Sport Buchan Schnol 120 371 TOTAL RESTIUCTED FUNDS 85,924 34,294 82 66 UNRESTrICTED FUNDS S,375 91,299 23J16 57,610 6,228 164.080 2,463 84,829 TOTAL 4 ANALYSIS OF MOVEMENT OF FUNDS- PRIOR IEAR B4laDce B¢¢ 31 Aug 202J Exptttditllt¢ 31kng20 RESTRIcfED FUNDS Annu9] Fund 53.907 12.448 2,150 1,923 11.351 2.865 120 1441) 64.817 15,313 2,270 2,043 1.080 401 ,%¢holgxS'PS & BUrsLeS Performing & Vi5ugJ Arts Science 120 120 Buchon bchool 401 TOTAL RESTRtcfED FUNDS 71.789 14.576 441 85,924 UNRESTRICTED FUNDS 5,375 77,164 10,447 25,023 10,44 {10,888 5,375 91,299 TOTAL io
THE BARROVIAN VOUNDATION UK CIO FINANCIAL STATEMETrrrs FOR THE YEAR ENDED JI AUGUST JZS NOTES TO THE FtNANCtAL STATEMENTS- continued 5 DEBTORS 2025 2024 King Wjlliam's College King Willi9m'5 College Donor 77,500 4,971 250 HMRC- ft aid Bank lrtterest 251 164 910 89,972 1,074 Dwing the year. a Ii)ats of £77.500 was made to King Wiikn>m'$ College on 12 Au8VSt 2025 to support developmeni works on the K8 Wil]iam'$ Colle8C sirR whLle aWAiting receipt of confjrmcd futMYin8 fr(Im the Department for Entetprisc. This 8UPPOrt is in accord¢t with the Foundauon Djles (clau8e 4bl. The loAn was subsequently red t>n 12 Septembcr 2025. 6 CREDITORS 53 (611 (611 1531 7 ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS AS AT AUGU 202S UDreotsietcd locome Fund• Rc•tii¢ted FundB TotAI Fund• CURRENT ASSETS: Debror 553 82,419 82.972 1,910 84,882 Cash at bank 1.910 1463 82,419 LIABILITIES: CREDITORS.. omounts falling due within one ye9 NET CURRENT ASSETS (S31 82.361) 153) 84.829 2,463 TOTAL NET ASSETS 1463 82,366 84.829 ANALYSIS OF ASSETS AND UABILITIES BETWEEN FUNDS AS AT AUGUST 2024 Unrestricted locom¢ Fullds Restricted Futtd• Tot41 Ftstsd* CURRENT ASSErs.. Debtor 1.074 84,911 85.985 1.074 90,286 91,360 Cash at bank 5.375 5.375 LL4BILrriES.. CREDITORS: gmount3 falling due within tsne yekt NET CURRENT Assm 161) 85.924 {611 91,299 5.375 TOTAL NET ASSETS 5.375 85.924 91,299
THE BARROVIAN FOUNDATION UK CIO FANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST %)25 NOTES TO THE FINANCIAL STATEMENfs- cootioued 8 REIATED PARTJES King William's College andThe Bsrcovi2n FoundAtiorL UK CIO 9xe considcred to be rehted bodi¢y as this organisation been estabhshed to r3isc fund$ for the School. The Tn]stee of the BrOVin Foundaiion UK CIO is the FouAdatioft vAJich has Director5 who att also mcmbers ¥nd Ditectors of FtingWJJli9m's Cojiege. Balance Tt¥ttetion8 DR/(CR) 2025 DR/(CR) 2024 1nrer.cwny bAlance at I Sotember Donated fce5 AfLd services 10,853 {10.8531 77.5(M) 4,971 (52.828) 52,828 10.447 110,44n Fee8 And setvice¥ Plyment ro KWC. tAAn DotiOna VIA Thc GrAnts ae ro KWC GxAnis p4id to KWC Inier-company Ance at 31 Aubxjsi Dofiited fees and scryicca indude Indepcn(kni Fxm1ts00 feel of £1,5 P024,, Indcp2ndent ExaminAuon fcc$ of £I,S001, saknes of £6250 (2024: £6.241), promoting BArroTrn FollAdtion rLcuvitie8 of U253 (2024: £1,956), and tu adMa'StraU0n coJts of £85012024.. £75Q. Amounts due Itollfrom King W/illiAm'¥ Coll¢ge iNil 1 £82,471. (2024.. £NIl/ Are r¢eotded in creth'ton And debtoti Kespectsve]y. The ttlated pAtry 1$ untecured, intettst &ee fLnd repAyabie on d¢m4ttd. 82,471 12