Downe House Foundation
Annual report and financial statements
for the year ended 31 August 2021
Registered Number: 9094389
Registered Charity Number: 1159259

Downe House Foundation
Annual report and financial statements
for the year ended 31 August 2021
Conlgnts
Page
Trustees, officers and advisors
Report of the Trustees
Independent auditors, report
Statement of financial actiwties, including the in￿rne and expenditure account
Balance sheet
10
Cash flow statement
11
Notes lo the financial slalemenls
12-16

Downe House Foundation
Trustees, Officers and Advisors
Trustees and Directors
The Trustees and Directors of the Company who were in office during the year and at the dale of
signing the financial slalemenls were".
Mrs FM Holmes
Ms AF Hazlitt
Mrs PB Amif(age
Mr JA Hanbury
Mr NM Homby
(Chairl {Appointed 1 October 20201
Registered offlce
Downe House Foundation
Cold Ash
Thalcham
Berkshire
RG18 9JJ
Independent Auditors
Pricewalerhousecoopers LLP
2 Glass Wharf
Bristol
BS2 OFR
Solicttors
Farrer & Co
66 Lincoln's Inn Fields
London
WC2A 3LH
Bankers
Lbyds Bank plc
5 Bridge Street
Newbury
Berkshi
RG14 5BQ

Downe House Foundation
Report of the Trustees
The Trustees presenttheir annual report and audrted financial StsleM￿ts forthe year ended 31 August
2021.
The infomiatKJn wrth respect lo Trustees. Officers and Advisors set out on page 1 forTn3 part of this
report. The financial statements comply with the Statement of Rgcommended Pradiee'Accounting and
Reporting by charit￿ IFRS1021" Irevised 20151.
The financial stslemenls have been prepared in aCCtrdan￿ with the special prowsions relating to
Companies Subl￿t lo the small Companies regime wrthin Part 15 of the Companies Act 21￿￿, 'The
Small Companies and Gioups IAccounls and Dir￿tOrS, Rgport) Regulation$ 2008..
STRUCTURE, GOVERNANCE AND MANAGEMENT
Status and Administration
Downe House Foundation I'lho Foundation") is a charitable company limf(ed by guarantee and a
registered charty governed by its Memorandum and Art￿leS of Association dated 19 June 2014,
company ￿gistered number 9094389 and charty registration number 1159259, The Foundation was
incorpor*d on 19 June 2014. Downe House School is the sole member of Downe House
Foundation. The Downe House Foundation is managed independenlty of the Sehool and has a
separate board of Trustees. The Financial results of the Foundation are included in the consolidated
financial statements of Downe House School.
Induction and tralnlng of Trustaas
All new Tru51ees undertake inductK)n and training the content of which depends ￿ the indThiKlual's
knowledge of the Foundation and profg$sional experEn¢o. Trustees are encouraged to attend
appropriate seminars and training courses.
The Trustees, oryanlsatlonal structure and declsion mak5ng
The Truste6s meet at least once per year and more regulady rf required. Given the objectwes of the
Foundth'on a Sub Committee struciure is not required. Trustee meetings consider all appropriate
matters but are primarity fthjjsed on the fundraising actThirtl8s of the Foundation.
The Trustees comprise all the directors of the company. The Trustees, all of whom seNed throughout
the year to 31 August 2021. unless noted below are as listed on page 1.
OBJECTIVES AND ACTIVlnES
Objects
The objects of the Foundation are 10 2Avance education by the provision of fiJThYing, assfftsta￿e a￿1
support lo Downe House School.
Aims and Intended impact
The Fountjalion exists to provide support lo Downe House School in furtherance of its objects.
Pollcy and objectives for the year
The main poliC￿S and objectives for the year are lo raise fund5 for educational building projects at
Down8 Houso School.

Downe House Foundation
Grant Maklng Poll¢y
The Foundation will make donations lo Downe House School lor spe¢ffi¢ projects at the discretion
of the Trustees.
Public Bonefit
Having regard to the general guidance on Public Benefrt from the Charty Commission, as set out in
section 17 of the Charities Act 2011, the objectives of the Foundation include the furtherance of
education by the provision of fvnding, assistance and support to Downe House Schc(4.
Fundralslng
The principal source of funds eonsists of donations in support of the Downe House 10 Year vision
which seeks to raise funds for capf(al projects.
Expenditure
All expendiluTe has been in support ol the objects of the Foundation. The majority of costs
associated with the fundraising activities of the Foundation are incurred by Downe House School.
During the year the Foundation did not make a donation lo Downe House School.
Investment Policy
In order to safeguard assets arising from donations the assets of the Foundation are held as cash
balances. 11 is considered inappropriate to expose such assets lo possible investment risks and
lossos.
Finan¢lal Review
Achievements and Pgrformance
Review of the year
Tho Foundation has received £0.1m {2020 £0.1 ml in donations. The nel assets of the Found*ion
8131 August 2021 were £0.4m12020 £0.3ml. The Trustees consider that the level of net incoming
resourees is appropriate lo the objectives of the Foundation.
Reserves Pollcy
As described in note 7, the Foundation's resetves are fijlty represented by nel current assets. There are
no free funds beyond the extent of these assets and commrtmenls. The Trustees consider that the
existing level of reserves 1s appropriate for the needs of the Foundation. This policy is reviewed al least
annualty.
Unreslricled funds comprise accumulated surpluses and deficf(s on general funds. They are
available for use al the discretion of the Trustees in furtherance of the general charitable objectives.
Reslrthd funds are subject to specific condrtions imp)sed by the donors.

Downe House Foundation
Risk Assessment
In the light of the Corporate Govemance guidance contained within the Statement of Recommended
Practiee 'Aceounting and Reporting by Charities IFRS1021° (revised 2015}, the Trustees have
examined the major risks faced by the Foundation. A system of controls has been put in place lo
monitor and mrtigale, where possible, the major risks identified and their Impad on the Foundation.
Risks are identified and assessed, and controls are established throughout the year. A formal review
of the risk management process is undertaken on an annual basis. The following key risk areas are
considered..
Governance & Management.
Potential missed fundraising opportunrties.
Appropriate due diligence regarding o¢¢eplance of donations.
Govemance & ManagemonL
The day lo day management of the Foundation is delegated lo the Headmistress, Deputy Head,
Director of Finance and Director of Extemal Relations of D¢)wne House School. The Trustees meet
al least once per year and more regularty if required. Trustee meetings consider all appropriate mattefs
but are primarily f¢xused ￿ the fundraising act1vti￿ ofthe Foundation.
Donatlon sources
It is anlicipaled that the primary source of donations will be parents or past parents of the pupils of
Downe House School and alumnae. af(hough fundraising actwities include all areas of potential
donations th81 can be identified.
Plans for Future Years
The Foundation intends lo continue lo raise funds in furtherance of ils objects. A potential new
Transformational Bursary campaign is being devek)ped, along wi(h greater utilisalion of online
communications, images and video$, supported by the Sch¢)ol appointing a new Digrtal Marketing
Manager.
Statement of Trustws. rnsponslbllltlos
The Trustees Iwho are also directors of Downe House Foundation for the purposes of company
lawl are responsible for preparing the Trustees, Annual Report and the financial slalemenls in
a￿ordanCe wrth applicable law and fegulalions.
Company law requires the Trustees lo prepare financial slalements for each financial year. Under
that law the Trustees have prepared the financial slalemonls in accordance with Unrted Kingdom
Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable
lawl. Under company law the Trustees musl not approve the financial statements unless they are
satisfied that they give a true and fair view of the slate of the affairs of the charitable company and
of the incoming resources and application of resources. in¢luding the income and expendrture, of
the charitable company for that year. In preparing theso financial statements, the Trustees are
required lo".
select suitable accounting policies and then apply them Consistent￿..
obsetve the methods and principle5 in the Charities SORP.,
make judgments and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject lo any
material departures disclosed and explained in the financial slatemenls." and
prepare the financial statements on the going concern basis unless f( is inappropriate to
presume that the charitable company will continu8 in business.
The Trustèè$ arè rasponsiblg for keepin9 adequate accounting r•eord$ that are sufficient to show
and explain the charitable company's Iransaction5 and disclose with reasonable aceuracy at any
lime the financial position of the charitable company and enable them to ensure that the financial
slalemenls eompty with the CompanEs Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.

Downe House Foundation
The Truslees afe reSF￿r￿￿1e for the rnafftIet￿rtt ar#J inlcgrty of the ch*iiable company's
website. Legtslaiwi in the Unrted IGn9d￿n goNrming ihe prOpara￿n diss(xninalv)n c
finan¢xII stsiemonts may dttlef from oihcf juri&fLtions.
Stsi¢ment on disclosure of inlomMilon to tho audllovs
So lar as Tntsiets are aware..
Ipwe is ￿ relcvafii aLtydit infmlion ofwlxh Ihe clkintable ¢ryrpty$ a￿lrtOrs ￿ Un￿￿(¢.
the TnJsle# have tsken al steps Ihal wJhl lo have laken to rroke It¢mskn a•Are ol
ary rthvanl ￿34 infrxrnatle￿ and to esiablrAh that tho we aware of IhJ informakn.
Indepèrmhnt Audil¢VS
Tho Wd¢￿$. LLP, indiEuted theff ￿l1•r43neSS io c¥Jnlinuc in off¢e
and a res01￿10n coruming Iheir 2PPCffltsr￿ will be prcposod al Ihc Novemter 2¢f21 B￿rd
Me¢bn9.
R•p￿t01 Tntstee5 signod ¢)n behalf of the Boa￿ ol TNstees on 25 November 2tr21
A F Hazlitt
Tntst¢¢

Downe House Foundation
Independent auditors, report to the members
Downe House Foundation
Report on the audit of the financial statements
Opirrion
In ouropinion. Downe House Foundation's financial Statements lthe'financial statements.)..
giyea true and fair ￿eW of the stateof thecharitable compan￿5 affairs asat 31 August 2021 and of its
incoming wurees and application of resources. ineludingits income and expendihjre. and (xsh
flows, for the year then end￿,.
have been properly prepared aceordanee Mqth United Trtingdom Generally Aecepted Aeeounting
Prnctice (United Kingdom Accounting Standards, comprising FRS 102 The Financial Reporting
Standard applicable in the UK and Republicof Ireland", and applicableiaw)., and
have been prepar&1 in awordance with the requirements of the CompaniesAet 2006.
We have audited the finaneial statements, included within the Annllal Report and financial statements (the
"Annual Report"), which comprise.. the balanee sheet as at 31 August 2021. Statement of fiThancial actLVities
it)cluding the ineome £nd expenditure statement and the cash flowstatement for the year then ended. and the
notes to the financial statements, which inelude a description of significant accounting polieies.
Basis for opirrion
We eondy¢ted ouralldit in accordan￿ International Standards onAuditing IUKI {"ISAs IUK}"l and
applicable law. Our re8poThsibilities under ISA8 (UK) are further described in theAudIto￿, rwoJJsibilits&s
for ihe aiidit of the finanetal statements section of our report. We believe that the audit e￿denCe we have
obtained is sufficient and appropriate to provide a basis fOr0￿rOp1n10ll.
Independen
We rell￿]ned independent of the eharitable Company in aecordance Mryth the ethieal requ2rements that are
relevant to our audit of the financial statements in the UK which indudes the FRC'S Ethieal Standard and we
have fulfilled ourotherethical responsibilities in accordance these requirements.
Based on the workwe have performed. we have not identified any material Un￿rtaIntieS relating to events or
conditions that, indi￿duallY0[ collectivelyj IIiay cast significant doubt on the eharitsble eompany's ability to
continue as a going COn￿rn fora period of at least twelve month5 from the date on which the financial
Statements are autlLofi5ed for issue.
In auditing ttle financial 5talernents, we have concludd that the trustees. of the 8oin8eontrrnba$i$ of
accounting LIL the preparation of the financial Statements is appropriate.
However, beeallse not all fijture events or conditions can be predicted, this condusion is nota guarantee as
to thedharitableeompanys ability to continue a$ a going¢otteem.
Our JYsp)nsibilities #nd the reswjnsibililiesolthe tn￿t￿ with re￿￿t to going LY)ncern are d￿ri￿ed in the
relevant S￿tionS of this report.
Reporting on other information
The other infortnation (x>1nprl￿ all of the informatiOTL in the Annual Report and finaneial statements other
Ihan thefinancial statements and our auditors, report thereon. The trusteesare responsible for theother
information. Our Opinion tsn thefinancial statements d￿8 n(rt coyerthe other inforniation and. accordinglyi
we do not express an audit opiniott or, except to the extent tsthetwse explicitlyststed in th￿ report. any forni
of assurance thereon.
In etsnneetion with our audit of the financial statements. our reS￿)nSIbl]ity is to read the other information
and, in doing SK). considerwhether theother information is materially in(x)nsistent hith thefinancial
stsiements or our knowledge obtsined in ihe audii. or otherwtse appears 10 be InaierSally mSssLa1t￿. If we
identify art apparent rwaterial itleonsisteney or ￿aterial misstste]nent, we are requird to perforni
pr(¢edures to wnclude whether there is a material misstatement of the financial ststements or a material
n)isstatement of theother inforniation. If, based on the work we haye performed, we conclude that there is a
material mtsstatemetht of thi$ other inforniation, we are required to report that faet. We have nothing to
report based on these responsibilities.

Downe House Foundation
Bas￿ on our work llndertaken in the course of the audit, the Companies Aet 2006 wuires us also to ￿pOrt
certain OPiDions and matters as da%LYib￿ below.
Rejxiri to ihe TrttstLYS
In our opinion. based gn the workundertaken in the c¥)urse of the audit the Inforn￿tiOn ￿Yell in the Report
to theThistees for the finaneial yearfor which the financial statements are prepard is consistent with the
finaneial statements. and Report tr* theTh￿tee$ Ihave beett prepar&1 Tn accordan￿ with applieable legal
requirements.
In addition, in light of the knowledge and underntanding of the eharitable eompanyand its enmronment
obtsined in the ￿llrSe of the audit, we are required to report if we have identified any material
mi&8tatements in Report to theTrustees. We have nothing to re￿rt in this kr8Wt.
ReS￿nSIb￿lt1es tsf the ir￿£￿e$for thefjnQQC￿dstOte￿e￿ts
As explained motE fully in the Statement of Th]stees responsibilities, the trust￿ Iwhoare also the direeto
of the charitable company for the puryoses of company law) are resw)nsible forthe preparotion of the
finan¢ial statements in aeeordance with the applicable frameworkand fOr￿ingsatisfid that they givea true
and fair ￿ew. The trustees a￿ alw resp)nsible forsueh internal control a$ theydetermine is nece&8ary to
enable the pL￿pa￿tiOn of financial statements that are free from material misstatement, whetherdue to
fraud or error.
In P￿ParIng the financial ststements. the trustees are reswnsrl>le for assessing the ¢haritable COMpan￿S
ability toeontinue as a going con￿rn. di￿lOSing 2$ applieable, inatters relat￿ togoing Concern and using
the goingeon￿rn basis ofaccounting unlw the tntstees eitherintend to liquidate theeharitable company QT
to wse operdtlons, or have no real￿tic altsrnative but to d050.
Aiidiiors. ￿s￿lI51b11ltlvs[tsT iheoudil ol Ihe:iJnoiiciol srL7tements
Our objectives are to obtsin re2sonable agsllrance ab)vt whetherthe finaneial statements as a whole are free
frotn tnaterial misststement. whether due tr> or error, and to I￿￿e an auditors, report that indudes our
opinion. Reasonable a&8uraE)ce is a high level of assvrance, bui is not a guardnte that an audit condueted in
aceotXlan￿ Mryth ISAS (UK) will always detect a material mi$5tateEnent when it exists. Misstatements can
arise from fraud orerrorand are considered material if, individually or in the aggregate. they eould
reasonablybe expect￿1 to influentr the wnomie dtrisions of users taken on thebasis of these financial
statements.
IrregularitLe5, indudingfraud. are ]￿tan(￿S of non-complianee laws and regulations. Wed&sign
pr(r8Jure5 in line wTrth our respon8Th1 ilities, outlined above, to dete£t material misstatements 1]] respect of
irtEgularities, including fraud. The extenl to which our pr(KEdures are capableof detecting irregularitie8.
including fraud, is detaild below.
Based tsn our understanding of the charitable company, we identified that the principal Tisks of non-
compliantr with laws and regulations related to employerle8islatttsn, and we considered the extettt tr)Mthich
non-compliance might have a material effect on the financial statements. We also considered thoselaws and
regulations that have a diteet impact on the fiT￿ncial statements such as theChariti&s Act 2011 and
Regulation Is of The Charities (Ae¢ounts and REports) Regulations 20081. We evaluated Tnanagement'$
inttntives and opportunities forfrdudulent manipulation of the financial stalements (including the riskof
override of controls). and deterniined that the principal risks were related to fraudlllent transactions
designed to oyerstate the financial performatJ¢*aDd position of the charity- Audit pr(Ktdures performed
induded:
R&ryewing Board minutes and holdin£ dIscu￿70nS with management, includingeonsiderdtion of
known orsuspected instances of non-complialltr with laws and reglllations and fraud.
Usingeomputer based audit teehniquesto identify and test higher risk rnaTJual journa]s. in
particular those having unusual account combinations. and
Obtaining third party confirniatiotL8 of all the charitablecompany'sbanking and financing
arrangements.
There are itjherent lirnitatio￿ in the audit pr(￿)ed￿￿desC￿￿ alx)ve. We areless likely to beLThome aware of
Instan￿ of non-complian￿ with laws and regulations that are not d(k%ely related to events and trdnsaetions
reneeted in financial statements. A]so, the risk of not det￿ting a material misstatement due to fraud is
higher than the risk of J)ot detecting one re5ultinsfrom error, as fraud ]nay involve deliberate eoneeAlment
by. for example. foL3ery or inteotional misrepre5etitations or through eollusion.

Downe House Foundation
A fvrther description of our reSpon￿￿1]it)eS for theaudil of the finaneial ststements is loc*t￿ on the FRC'S
website at: wmryv.frc.org.uk/audito￿re$￿r￿Ib]Ii1ie£. This description forn￿ part of our auditots, retK)rt.
Use of[h￿ rewri
This rerK)rt. incllldtng the opinions, has been prepared forand onty forlhe chariWs rnembern as a b￿lY in
accordan￿ Mth Chapter 3 of Part 16 of the Companies Act 2006 and for no other purpfyse. We do not. in
giNTrn8 these opinions, ac￿pt or assume responsibility foranyother purpose or to any other person to whom
this report i55hown or into whose honds it may eomesave where expressly agtred byour priorconsent in
writing.
Other required reporting
Companies Ae12006 eveption reporting
Under the Companies Act 2006 we are required to report toyoll if, in ouropinion..
we have not obtsined all the information and explanatlonswe requtre forour audit. or
adty4uate accounting records have not been kept or returns aa￿uate for our audit have not been
re￿IVed from brdnehes not vi$tted by us,. or
eertain disclosur¢s of ttwstees. remunerdtion specifiedbylaw are not made., or
the financial statements are not in agreement the accounting r￿ordS and re￿rn$.
We have no exceptions to report ar1sin8fr0￿ th￿ responstbility.
Entitlement to uemptions
Under the Companies Aet 2006 we are ￿qUIt￿ to report toyoll if, in ouropinion. the trustee5 were not
entit]ed to.. prepare financial Statements in accordan￿ with the small companies, regime., take advantsgeof
the small compani&s' exemption in prepaTins theTrustees' Annual REW)rt,' and take ad￿ntage of the small
companies exemption from preparin8a St￿te8￿C Report. We have noeK(EPtLons to report arising from this
responsiTr>ility.
Andrew tatham (Seniorstatutory Auditor)
foT and on behalf of Prieewaterhousecoopers LLP
Chartered ALYountants and StatutoryAuditotE
Bristol
3gNOvem￿r-2o21

Downe House Foundation
Statement of financial activities
including the income and expenditure account
for the year ended 31 August 2021
un￿￿¢￿d R•8blet•d
funds
funds
£'ooo
£'ooo
Totsl
2021
É'ooo
Total
2020
£'ooo
INCOMING RESOURCES
Dona*ons and IwJo(ies
Totsl In¢omg and endovmients
82
134
82
82
134
RESOURCES EXPENDED
EXpendIhJ￿ on charrtable *ts"vit￿s
Total •xp•ndllurè
INCOME
82
131
BEFORE TRANSFERS
Tr8nsf8r5 tRbveen fvnds
NET MOVEMENT IN FUNDS
Is)
82
131
All amounts derive from continuing activities. All gains and losses recognised in the year are
included in the slalement of financial activities.
Thefe is no material difference bth8en the net movement in funds for the year above and their
histori¢al cost equNalents.

Downe House Foundation
10
Balance Sheet as at 31 August 2021
Notes
2021
£'ooo
2020
£'ooo
Current assets
Cash at bank and in hand
427
350
427
350
Credf(ors.' amounts falling due within one year
Nel current assets
151
422
Isi
345
Total assets less Current liabilities
422
345
Net assets
Represented by..
Reslricled funds
216
134
Unrestrided funds,
Retained income
211
Totsl funds
422
345
The financial statements have been prepared in accordance wrth the special provisions relating lo
companres subject to the small companie5 r￿lme wf(hin Part 15 of the Companies Ad 2006, 'The
Small Companies and Groups (Accounts and Directors. Report) RegulatKJns 2008..
The financial statements on pages 9 to 16 were approved by the Trustees on 25 N¢)vember 2021 and
sign
n their behalf by..
A F Hazlitt
Trustee

Downe House Foundation
11
Cash flow statement
for the year ended 31 August 2021
2021
£'ooo
2020
£'ooo
Nel loutgoingyincoming resources
InC￿8$e in Creditors
77
131
Nel cash inflowlloufflowl from operating activtties
Increa$el{decrea$e} in cash in the year
77
131
77
131

Downe House Foundation
12
Notes to the financial statements
for the year ended 31 August 2021
Principal accounting policies
Downe House Foundation (The Foundation) is a charitable eompany limited by guarantee and a UK
registered charty govemed by r(s Memorandum and Articles of Association
company registered
number 9094389 and charity ￿gIStratIO11 number 1159259. The Foundation is a public benefit entity.
The address of ils registered office is The Bursary, Downe House Sch(x)I, Cold Ash. Thalcham.
Berkshire. RG18 gJJ.
The financial statements have been prepared in aecordance with applicable Accounting Standard$
in the United Kingdom including Financial Reporting Standard 102 (FRS 1021, Companies Act 20C
and the Charrties Act 2011. In preparing the financial statements the Foundation has followed best
practice as set out in the Statement of Recommended Practice°Accounting and Reporting by Charities
IFRS 102}° (revised 2015}. The financial statemonls have been prepared in acwrdance with the
special provisions relating lo Companies subject to the small companies regime within Part 15 of
the Companies Act 2006, 'The Small Companies and Groups {Accounls and Directors, Report}
Regulations 2008., A summary of the more important accounting policies of the Foundation, which
have been applied consislenlly, is sel out below.
Basls of accountlng
The fina￿101 slalements have been prepared on a going Concern and accruals basis under the
historical cost convention. The functional and presentational Currency is £ sterfing. The Directors
consider il appropriate to adopt the going concem basis and have not idenlrfied any material
uncertainties in the year of at least 12 months from the date of approval of the financial slalernents.
After making enquifies the Directors have a reasonable expe¢lalion that the Found8lK)n has
adequate resources lo continue in operation for the foreseeable future.
The exemption undeT s1.12 of FRS 102 has been taken not lo disclose full details of the Foundation's
financial instruments as these details are included wrthin the consolidated financial $181ements of
Downe House School.
Donatlon$
All donations are shown in the statement of financial activf(ies under incoming resources and a
accounted for on a recewable basis when receipt is considered by the Directors to be probable.
Irrecovernble VAT
Any irrecoverable VAT is charged lo the slalement of financial activities. or ¢apitalised as part of the
cost of the related as5el, where approprialo.
Expendlture
All expendf(ure is included on an accruals basis and is recognisod when there is a legal or
constructive obligation to pay for expenditure.
Governance costs comprise the costs of running the Foundation, including external audit, any legal
advice for the Trustees and all the costs of complying with constitutional and statutory requirements
such as the costs of Board and Committee meetings.
Recognition of Ilabl1￿￿e8
Liabilities are recognised when an obligation arises lo transfer economic benefrts as a result of past
transa￿K)n$ or events.

Downe House Foundation
13
Principal accounting policies (continued)
Fund accounting
Unrestricted funds Comprise accumulated surpluse$ and deficits on general funds. They are
available for use al the discreb.on of the Trustees in furtherance of the general charitable objectives.
Restricted funds aro funds subject to specrfic conditions imposed by the donors.
Critical accounting judgements and estlmatlon uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and
other relevant faetors including expectations of future events that are believed lo be reasonable in
the circumstances. Tho Directors do not believe that any crf(ical judgements have been made in
preparation of the financial statements bul the following signrficant estimates have been made.
Accruals and Prepayments are primarily a reflection of timing drfferen￿s. Where estimates are
required these are based on historical evidence.
Donations and Legacies
2021
£'ooo
2020
Donati)ns
82
134
Total donations and legac5es
82
134
3 Net (expense)lincome
2021
£'ooo
2020
£'ooo
Net lexpen$eyincome befo￿ transfers are slated after charging..
- Donation to Downe HoLtse Sch(K)I
Auditors, remuneration
- for audf( services, net olval
- for tax compliance Serv￿eS, nel of vat
- val on audit serv￿$
The average number of employees in the year, cakulated on a full time equivalent basis, was Nil
12020 Nill.
Taxation
The Foundation was a registered charity throughout the year and. as such, was not liable to
¢orporat￿n tax on the surplus of income over expenditure for the year.
The Foundation is not registered for VAT and accordingty. all ts expenditure is re￿rded inclusive
of any VAT incurred.

Downe House Foundation
14
5 Creditors: amounts falling due within one year
2021
2020
Accruals
6 Analysis of net assets between funds
The net assets are held for the various funds as follow$'.
Net current
assets
£'ooo
Totsl
Restricted funds
216
216
Unrestricted furKIs
2(
206
422
422
Funds
Total
1 September In￿mIng Resources
2020 rgsources expended Trdnsfe
£'ooo
£'ooo
£'ooo
Total
Investm•nt 31 August
galns
2021
£'ooo
Restrfcted funds
ReslrKted fund
134
216
Unrestrfcted funds
Retained income
211
{5)
206
Total funds
345
82
{51
422
Both funds seek lo raise funds for captial projects al Downe House School.

Downe House Foundation
15
8 Financial commitments
Operatlng leases
At 31 August 2021 the Foundation, had no annual cc*nmrtments under rlon-cancellable operaing
leases.
Trustees
The Trustees do not r￿eNe any remuneration. Expenses reimbursed for travelling undertaken
behaw of the Foundation amounted lo £Nil {2020 Nill. No other key management personnel are
empbyed by the Foundation.
10 Capital
The Foundation is a company limited by guarantee. Each member has undertaken to contribute £1
to the assets of the company to meet its liabilities rf calkd on lo do so. The total amount guaranteed
by member5 at 31 Augu$t 2021 was £5 {2020 £51.
11 Related party transactions
Trustees donated a lolal of £Nil12020 £15,000) during the year.
12 Ultimate parent company and controlling party
The directors rogard Downe House School. a company Ilmiled by guarantee and registered in
England and Wales, as the company's ultimate parent undertaking and controlling party. Downe
House School is the largest and smallest group of which the company is a member and for which
group consolidated financi81 slalements are prepared. The financial statements of Downe House
School may be obtained from the Company Secretary al the Company's registered office on
page1.

Downe House Foundation
16
13 Comparative Statement of Financial activities for the year
ended 31 August 2020
Unr•striet•d Rostslctgd
fundg
funds
£'ooo
£'ooo
Total
2020
Nots¥
INCOMING RESOURCES
Donations and ￿•￿6$
Total Income and end0V￿?nts
134
134
134
134
RESOURCES EXPENDED
Expendi￿re on CharIta￿e activth"&s
Totsl expendl¢ure
NETINCOME
(31
134
131
BEFORE TRANSFERS
Transfers betr￿n fvnds
NET MOVEMENT IN FUNDS
134
131