CHARITY NO: 1159943
READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE
TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
TRUSTEES, OFFICERS AND ADVISORS
FOR THE YEAR ENDED 31 MARCH 2023
PRINCIPAL OFFICE
Reading Blue Coat School
Holme Park
Sonning Lane
Sonning
Reading
RG4 6SU
TRUSTEES
C Hubbard
H Williams
P Thompson (resigned 10 May 20231
P Bertram
A Gray
M Walker lappoinled 9 November 20221
M Swan
P Gillibrand (resigned 31 October 20221
T Tabrah
P Thomas
CLERK TO THE TRUSTEES
P Hughes (resigned 14 July 20221
A Snow lappoinled 5 September 2022.
resigned 27 February 20231
C Walsh lappoinled 27 February 20231
TREASURER TO THE TRUSTEES
T van der Meijden (resigned 21 July 20221
K Nicholson (appointed S September 2022. resigned 16
December 20221
S Whilty lappoinled 27 March 20231
CHARITY REGISTRATION NUMBER 1159943
INDEPENDENT EXAMINERS
Crowe U.K. LLP
Aquis House
49- 51 Blagrave Street
Reading
Berkshire
RG1 1PL
BANKERS
Lloyds Bank PLC
1-2 Market Place
Reading
RG12EQ
SOLICITORS
Slade Legal
5 Ock Street
Abingdon
Oxon
OX14 SAL
INVESTMENT ADVISORS
QUi￿er Cheviol
Senator House
85 Queen Victoria Street
London
EC4V4AB
Page 1

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2023
TRUSTEES, REPORT
The Trustees present their annual report for the year ended 31 March 2023 under the Charities Act 2011,
together with the financial slalemenls for that period and confirm that the laller comply with the reqLJiremenls
of thè Act, the Trust Deed and the Charities SORP FRS 102.
structure, Objects and governance.
The Trust was registered on 14 January 2015 as a Charitable Incorporated Organisalion. On 31 March 2015.
all the assets and undertaking of the Reading Blue Coal School Foundation (Charity Registration Number
3090241 were transferred lo the Trust together with those of the Archbishop Laud Non-Educalional Charity
(Number 3079871
The former Foundation comprised a number of Gifts made over an extended period, of which the earliest
and most important were by Richard Aldworth in 1646, Sir Thomas Rich in 1666 and William Malthus in
1700. The Foundation operated under a scheme made by the Secretary of Stale for Education and Science
under the Charilies Act 1960 dated 30 April 1964, which Consolidated all the underlying gills, and subsequent
amendments.
The first Objects of the Trust, reflecting the Objects of the former Foundation, are..
to provide premises for Ihe Reading Blu8 Coal School being a day school near Reading in which
religious instruction in accordance with the doctrines of the Church of England shall be given.
the award of scholarships, bursaries or maintenance allowances lo beneficiaries tenable at the
School or al any University or other pla￿ of learning who may reside within a ten mile radius of
the School.
the provision of items, services or facilities al three specified Infants or Primary Schools in Reading
known as the National Schools of Reading, as well as any other school within a len mile radius of
the School al the CIO'S discretion.
The former Foundation also contained a funLf known as the Malheson Scholarship fund which is governed
by the Will of the late David M Malheson, This provides for the income of the fund lo be first applied to the
education of children of Clergy in the Church of England al the Reading BILJe Coal SchoDI, bul in the event
of there being no suitable applicants the Trustees have discretion lo ulilise the income in accordan￿ with
the above objects. The Trustees have discretion lo ulilise the capital of the fund should the income be
insufficient to provide the benefits. Whilst the Trustees would resist any such application of capital, the fund
is technically under the category of Exp8ndabSe Endowment.
The second Object of the Trust reflec15 the objects of the former Archbishop Laud Non-Edu¢alional Charity
which was consliluted by a Deed of Gift dated 26 March 1640. This separate fund is lo provjde fin8n¢ial
assistance lo young people between the ages of 810 30 inclusive, educated in, residing in, orfrom the vicinity
of Reading. lo support them in training for a trade or vocation through the making of grants.
The governance and management of the Trust is carried out in accordance with its conslilulion. There are
four ex-officio Iruslees who have the power lo co-opt not less than live and not more than len additional
Iruslees. The ex-offi¢io trustees are.. the Vicar of the ecclesiastical parish of St Mary, Reading., the Vicar of
the ecclesiastical parish of Sl Laurence, Reading., the Head oflhe Reading Blue Coat School.. and the Bursar
of Reading Blue Coal School. Unfortunately. due lo other commilmenls, neither vicar was able lo lake up
these posts during the year. Co-opted trustees serve for a period of five years.
During the year the Trustees conducted a review of the grant making prO￿sS of the Archbishop Laud
Foundation in order lo widen the scope of eligible beneficiaries and improve the effectiveness of the grant
giving process. The original intentions of the Foundatton have been retained.
Page 2

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
TRUSTEES REPORT
FOR THE PERIOD ENDED 31 MARCH 2023
Grant maklng policy
The Charity has three principal grant making objectives..
The Charity grants money lo the Reading Blue Coal School for ils bursary scheme. Scholarships
and Bursaries are awarded lo individual applicants by a Committee of Trustees and Officers of the
School who determine the awards of up lo 10Wo of fees following an assessment of educational
polenlial. merit and the financial means of applicants.
The Charity makes further grants lo the three schools known as the National Schools of Reading as
determined by the Trustees on an annual basis.
The Charity also makes grants ranging from £300 up lo £1,000 lo individuals who meet the criteria
within the second object of the Twsl.
Investment policy
The Trust's funds are invested lo produce an allraclive financial return with an acceptable level of risk over
the long term. The primary investment objective is lo generate a high and sustainable annual income Inel
of inveslmenl management feesl lo support the grant making objects, whilst striking a balan￿ between
generating long-lerm income and ¢apilal returns. With the rental income from the School providing more
than 30Qkn of the normal annual income expended, the Trustees are able lo a¢¢epl a medium lo higher level
of risk with regard lo long term investments in order lo grow the real capital value of the funds over lime. The
Trust's conslilulion provides for the lease lo the School of the freehold land, in meeting its first objective8,
bul othen￿lSe does not place any reslriclion on the investment policy of the Trustees.
Portfolio investments are managed on a discretionary basis whereby the investment manager has control
over the investments within the formal guidelines of the investment policy of the Trust. An inveslmenl sub-
commillee of Trustees sets the investment objectives and risk profile forlhe Trust and monitors performance.
The investment funds are invested in a diversified portfolio of equities. mutual funds, bonds with a prudent
cash balance held in order lo meet unforeseen bufsarial requirements. Vvhilsl the Trustees have chosen not
to invest directly into tobacco stocks there are no ethical reslriclions on inveslmenls.
Reserves policy
The Trustees consider that il is important lo maintain and add to reseNes when possible. in order lo fulfil the
first object of the Charity over the long run. In doing so, the Trustees lake into account the School's ability to
rnake ils own conlribulion lo bursaries, which can be affected by many factors including the economy and
the need for investment in new or improved facilities. as they have agreed that the Trust should endeavour
lo cover, where possible. any shortfall to avoid qualifying pupils being denied SLJPPOrt. Through this process,
the Charily helps to provide bursaiial support to a number of pupils al the school. Fifty pupils are currently
in receipt ol bursaries.
Review of the Year
In considering ils aclimties for the year the Trustees have had regard lo the publi¢ benefit guidan￿ issued
by the Charity Commission.
Investment Performance
The three investment funds showed a decrease in value over the course of the year.
The General Fund value al year-end was £3.339,99412022.' £3,564, 138)
The Malheson Fund value at year-end was £354,72512022.' £387, 7201
The Archbishop Laud Fund value al yoar-end was £29,94012022." £32,822)
Page 3

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
TRUSTEES REPORT
FOR THE PERIOD ENDED 31 MARCH 2023
Investment Performance Icontinuedl
The property assets held by the Charity, namely the freehold land occupied by the School, were
professionally re-valued al year-end in 2020 al £1,2(KI,000 The piioryear valLialion has been carried forward
for this year. The rental income from Reading Blue Coal School increased lo £60,000 (2022.. £56,500).
In addition lo the above funds held with the Investment Manager, the Charity also m8inlained cash balances
al the yearend lo the value of £191.878. The Trustees have agreed that a minimum sum of £50.000 should
be retained on bank deposit to meet any immediate demand on reserves.
After movements in the values of land and investments, the endowed funds of the General Fund stood al
£3,921.319 12022.. £4, 143,3511, the Malheson fund £229,337 (2022.. £250,395) and the Archbishop Laud
Fund £22,940 (2022., £25,822). These endowed funds will continue lo be invested lo produce income lo
meet the Charity's objects.
Achlevements, financial review and future plans
In considering rts activities for the year the Trustees have had regard to the public benefit guidance issued
by the Charity Commission.
Bursaiies and Grants
In re￿nt years, the Trustees have entered into an informal arrangement whereby the Charity makes an
agreed contribution lo the overall Cost of bursaries with the School providing the b818n¢e. This has enabled
5012022.. 441 bursaries lo be paid to successful applicants in this period. Awards from the General Fund
were maintained al £125,000 (2022.. £125,OOOJ lo the Reading Blue Coal Bursary Scheme. Awards from the
Malheson Fund were made at £14,000 12022.. £28,000) for bursarial support of children of Clergy al the
school. Grants made lo the National Schools of Reading were maintained al £4,500.
Incomin
Resources
The Trustees report incoming resources, net of investment management fees and governance costs, of
£153,82512022.. £179, 125).
Transfers lo Reserves
Restrided Fund Reserves of £127,507 12022.. £141,934) were held in relation lo the Malheson Fund and
£14,87012022.. £14,368) held in lelalion lo the Ar¢hbishop Laud Fund.
Any annual surplus funds available are held as a School Scholarship Fund. At year-end the Scholarship
Fund held an undistribuled balance of £757,003 f2022.' £733, 145).
Page 4

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Achlevements, financial review and future plans Icontlnued}
Future Plans
The ¢harity has no changes planned with regard lo ils activities.
rde
17r°°r-
2023
Chairman
Page 5

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Notes Endowment
Funds
Restrlcted
Funds
Unrestrlcted
Funds
2023
Total
2022
Total
INCOMING RESOURCES
Investment income
Rental income
11,692
111,653
123,345
752,908
Total incomffng resources
171653
183345
209 408
RESOURCES EXPENDED
Costs of raising funds
Investment management
Charitable activities
Scholarships awarded
Archbishop Laud Grants
National Schools of
Reading
12,030
8,020
20,050
22,556
14.182
134,088
485
148,270
4B5
160,527
Total resources expended
147 293
173 505
187 783
Net Incoming resources
before investment
gains/losses
112,0301
12,490)
24,360
9.840
21,625
Revaluation of fixed assets
Investment gains I
{losses)
233
43
245 879
248 558
Net movement In funds
1245,9731
114,427)
24.360
1236,0391
270, 183
Fund balances brought
forward
4 419 568
141934
747 513
5 309015
5 038 832
Fund balances carrled
forward
507297
5 309 015
The notes on pages 8 - 16 form part of these accounts
Page 6

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
BALANCE SHEET
31 MARCH 2023
Notes
2023
2022
FIXED ASSETS
Tangible fixed assets
Investments
1.200,000
3 724 659
1,200,000
3 984 680
4,924,659
5. 184, 680
CURRENT ASSETS
Deblois
Cash at bank and in hand
24,767
191 878
26,500
165357
216,645
191,857
CREDITORS.. Amounts falling due
within one year
67522
NET CURRENT ASSETS
148317
124 335
TOTAL NET ASSETS
ENDOWMENT FUNDS
Capital General Fund
Capital Ar¢hbishop Laud
Property
Malheson Scholarship
RESTRICTED FUNDS
Malheson Scholarship
UNRESTRICTED FUNDS
School Scholarship
Archbishop Laud
2.721,319
22,940
1,200.000
229,337
2,943,351
25,822
7.200,000
250.395
127,507
141,934
757.003
733, 145
Approved by the Iruslees on
And
on ils behalf by
2023
C Hubbard
Chairman
The notes on pages 8- 16 fomi part of these accounts
Page 7

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
STATEMENT OF ACCOUNTING POLICIES
Basis of Accounts Preparation
The accounts have been prepared in accordan￿ with the Charities SORP {FRS102} applicable to
charities preparing their accounts in accordan￿ with the Financial Reporting Standards applicable
in the UK and Republic of Ireland and the Charities A¢1 2011 and UK Generally Accepted Practice
as il appliès from 1 January 2015.
The accounts have been prepared lo give a 'lrue and tairf view and have departed from the Charities
(Accounts and Reports) Regulations 2008 only lo the exlenl required lo provide a'lrue and fair view..
This departure has involved following Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reportang Standard applicable in the UK and Republic of
Ireland IFRS1021
Reading Blue Coat and Archbishop Laud Charitable Trust meets the definition of a public benefit
enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction
value unless otherwise slated in the relevant accounting policy note.
bl
Going Concern
The charity has cash resources and has no requirement for exiernal funding. The Trustees have a
reasonable expectation that the charity has adequate reSoUr￿S lo continue in operational existence
for the foreseeable future.
Having regard to the above. the Trustees believe il appropriate lo adopt the going concern basis of
accounting in preparing the financial slalements.
Critical accounting judgements and key sources of estlmatlon uncgrtainty.
In the application of the charity's accounting policies, which are desciibed in note 1, trustees are
required lo make judgements. estimates and assumptions about the carrying value of assets and
liabilities that are nol readily apparent from other SOU￿$. The eslimalion and underlying
assumptions are based on historical experience and olherfaclors that are considered lo be relevant.
Actual results may differ from these eslimales.
The eslimales and underlying assumptions are reviewed on an on-going basis. Revisions to
accounting estimates are recognised in the period in which the eslimale is revised il the revision
affects only that period, or in the period of revision and future periods if the revision affects the current
and future periods.
In the view of the trustees. no assumptions concerning the future or estimation uncertainly affecting
the assets and liabilities al the balance sheet dale are likely lo result in a material adjuslmenl lo their
carrying amounts in the next financial year.
dl
Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments.
Basic financial instruments are initially recognised at Iransaclion value and
subsequently measured 81 their solllemenl value.
Page 8

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
ACCOUNTING POLICIES Icontinuedl
èl Income
All incoming resources are included in the slalemenl of financial activities when the charity
enlilled lo the income and the amount can be quantified with reasonable accuracy.
The following specific policies are applied lo particular categories ot income..
Investment income is included when receivable.
Incoming resources from charitable trading activity are accounted for when eamed.
Expendlture
Expenditure is recognised on an accrual basis as each liability is incurred.
Charitable expenditure comprises those costs incurred by the Chaiily in the delivery of ils
activities and ServI￿S for ils beneficiaries.11 includes both costs that can be allocated directly
lo such activities and those ¢osls of an indirect nature necessary lo support them. for example,
governance costs.
Charf(able expenditure 18 reported under the following sub headings..
Scholarships awarded.
Archbishop Laud Grants
National Schools of Reading
gl Grants - Scholarships
Scholarships payable are recognised as expenditure in the year in wh￿h a binding commitment
to make payments Is entered into.
h) Fund Accounting
Unreslricled funds held by the charity are those which can be used in accordance with the
charitablè objectives al the discretion of the Trustees.
Reslricled funds are where specific conditions are imposed by the donorwhich restricts the use
of unspent funds. The income is taken directly lo the relevant restricted funds.
The endowment fund represents those assets wh￿h musl be held permanently by the charity,
principally quoted investments and freehold properties. Income arising on the endowment fund
can be used in accordance with the objects of the charity. Any capital gains or losses arising
on the investments are allribulable lo the fund. Investment management charges and legal
advice relating to the fund are charged against the fund.
The expendable endowment fund is similar lo that of the endowed fund. However. the Iruslees
have the power to apply both capital and income arising on the fund in accordance with the
Malheson will. Any Capital gains or losses arising on the inveslmenls are allribulable lo the
fund. Investment management charges and legal advice relating lo the fund are charged
against the fund.
Page 9

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
ACCOUNTING POLICIES Icontinuedl
il Tangible Fixed Assèts
These are represented by freehold land and are held under the revaluation model.
il Investments
Investments are a form of basic financial instrument and are initially recorded al Iheirtrans8Ction
value and subsequently valued at closing mid-markel value 81 the Balance Sheet dale. Any
gain or loss on revaluation is taken lo the Slalemenl of Financial Activities.
kl Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions rèpayable wilhoul
penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments
that mature in no more than Ihrett months from the dale of acquisition and that are readily
convertible to known amounts ol cash with insignificant risk of change in value
11 Debtors
Debtors are recognised al the setllemenl amount due after any trade discount offered.
ml Creditors
Creditors and provisK)ns are recognised when the charity has a present obligation resultin9
from a past event that will probably result in the transfer of funds to a third party and the amount
due lo sellle the obligation can be measured or eslimaled reliably.
INVESTMENT INCOME
2023
2022
Equity and GILT edged slo¢ks - General A¢counl
Equity and GILT ed9ed stocks - Malheson Bequest
Equity and GILT edged stocks - Archbishop Laud
Deposit interest
110,242
11.692
987
424
138,609
13,063
1, 159
77
RENTAL INCOME
2023
2022
Reading Blue Coat School
Page 10

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
4a.
RESOURCES EXPENDED- CHARITABLE ACTIVITIES
2023
Dlrect
Governance
Total
Scholarshlps
Malheson Scholarship
Total scholarships
125,000
9,088
182
9,270
134,088
139,000
148,270
Archbishop Laud Grants
485
485
National Schools of Reading
200
2022
Scholarships
Malheson Scholarship
Tolal scholarships
125.000
7,345
182
7.527
132,345
153,000
160,527
Archbishop Laud Grants
National Schools of Reading
200
Governance costs..
2023
2022
Clerk and Treasurer's Honorarium
Independent Examiners Fee
Professional fees
Sundry items
4.300
3.676
1,288
206
3,200
4,346
181
Page11

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
TANGIBLE FIXED ASSETS
Freehold
Land
Al 1 April 2022
Revaluation
1,200,000
At 31 March 2023
The carrying value of tangible fixed assets subslanlially relate lo freehold land on which the school
buildings sland.
The property was valued on a fair value basis by Dunsler & Morton in March 2020. A carrying amount
of £300,00012022 £300,000) would have been recognised if the land had been carried under the
historic cost model.
FIXED ASSET INVESTMENTS
2023
2022
Listed investments:
Market Value al 1 April 2022
Additions
Disposals
Nel Investment gainlllossl
3,974.663
3,368,307
19,648
2,511,502
198,8121 (2, 153, 704)
245 879
3,649,620
3,974,663
Cash held by Stockbroker
Market value at 31 March 2023
Historic Cost
DEBTORS
2023
2022
Other debtors
CREDITORS
2023
2022
other creditors. a¢cruals and deferred income
Page 12

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
FUNDS
2023
1 Apnl
2022
Incoming
rasources
Investment Rasources
losses
expènded
31 March
2023
Transfers
ENDOWMENT
Capital
Archbishop Laud
Property
Malheson
Scholarship
2,943.351
25, 822
1,200,000
1210,0021
12,8821
112.0301
2,721.319
22,940
1.200,000
229 337
4419 568
233 942
4 173 596
RESTRICTED
Malheson
Scholarship
141934
UNRESTRICTED
Scholarship
Archbishop Laud
733, 145
170.666
987
1146,8081
485
757,003
747 513
171653
147 293
771873
Total
TRANSFERS BETWEEN FUNDS
al In 2022, the Iruslees took the decision lo reverse the designated fund back into the Scholarship fund
and discontinue the annual transfer of 25¢k ol the nel incoming resources.
bl The balance on the property fund is aligned with the value of fixed assets held. Any surplus or deficit
in any year is transferred to the Capital fund.
Page13

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
9b.
COMPARATIVE FUNDS
2022
IAp
2021
Incoming
rèsources
Investmènt
gains
Resourc85
expended
31 March
2022
Tr8nsf8rs
ENDOWMENT
Capital
Archbishop Laud
Property
Malheson
Scholarship
2, 723,487
25,822
1,200.000
233,398
(13,534J
2,943,351
25,822
f,200,CKIO
241078
4 190 387
242 715
4 419568
RESTRICTED
Malheson
Scholarship
151210
141934
UNRESTRICTED
SclK)larship
Design8led
Archbishop Laud
72, 776
611,250
195. 186
6f1.2&)
(63 1,250)
(146,067)
733. 145
697235
196 345
146
67
747513
Total
10a. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2023
Endowment
Restricted
Unrestricted Total funds
Tangible fixed assets
Investments
Current assets
Current liabilities
1,200,000
2.973.596
1,200,000
3,724,659
216,645
125.388
6,786
625.675
209,859
10b. COMPARATIVE ANALYSIS OF NET ASSETS BETWEEN FUNDS
2022
EndoWn￿nI
Reslrict8d
Unreslncled Total funds
Tangible fixed assets
Investments
Current assgls
Current liabilities
1,200,000
3.2t9.568
1,200.CIOO
3,984,680
191,857
137.325
9.275
627. 787
182,582
Page 14

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
11.
TRUSTEES BENEFITS AND TRANSACTIONS
None of the Iruslees or any persons connected with them, received any remuneration or reimbursed
expenditure during the period.
The Trustee Mr M Swan is employed by Slade Legal as a senK)r solicitor. Slade Legal have been
engaged lo provide legal services lo the Trust. A¢¢rued costs al the year end in relation lo these
services were £168.
12.
FINANCIAL INSTRUMENTS
2023
2022
Financial assets measured al amortised cost
Financial liabilities measured al amortised cost
216,645
63,328
191, 857
62,522
Financial assets measured al amortised cost comprise other debtors and cash equivalents.
Financial liabilities measured al amortised cost comprise other crodilors and accruals excluding
deferred income.
13.
LEASES
The Charity earns rental income by leasing ils property to a lenanl under non-cancellable operating
leases. Leases in which subslanlially all risks and rewards of ownership are retained by another
party, the lessor, are classified as operating leases. Payments, including prepayments, made under
operating leases Inel of any incentives received from the lessor) are charged lo the income
statement on a slrai9hl-line basis over the period of the lease.
Al the balance sheet dale. the Charity had contracted with tenants lo re¢6ive the following future
minimum lease payments..
2023
2022
Not later than one year
Later than one year and not later than five years
Lalor than five years
60.000
150,000
60,000
210.000
There are no conlingenl rents recognised as income.
Page15

READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
14.
COMPARATIVE SOFA
Endowment
Funds
Restricted
Funds
UnreslriGted
Funds
2022
Tol81
INCOMING RESOURCES
Inveslmenl income
Rental income
13,063
139,845
152,908
Total incoiyJNng resourc8S
196 345
209 408
RESOURCES EXPENDED
Costs of rdising funds
Inveslmenl management
Charilable aclivili8S
SChola￿hlps awarded
Archbishop Laud Grants
Nalional Schools of
Reading
13.534
9.022
22.556
28, 182
132,345
160,527
Total resources exp8nded
146 067
187 783
Nel incoming resou￿S
before investmenl (losses)
(13.534)
(15, 119)
50.278
21.625
Investment gains
242 715
248 558
Nfjl movement in funds
229, 181
(9,276)
50,278
270,183
Fund balan￿S brought
fO￿ard
4 190387
151210
697 235
5 038 832
Fund balanc9s carri8d
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**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST** 

I report on the accounts of the Trust for the year ended 31 March 2023, which comprise the Statement of Financial Activities, Balance Sheet and associated notes. 

This report is made solely to the charity's trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity, the charity's members as a body and the charity's trustees as a body for my independent examiner's work, for this report, or for the opinions I have formed. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


AR Lyon Crowe U.K. LLP Chartered Accountants Aquis House 49-51 Blagrave Street Reading Berkshire RG1 1 PL 

Date: 1 December 2023 

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