2023-12-31-accounts

Docusign Envelope ID: F89B1DE3-E548-4449-8291-7B27CF212034

Charity Accounts

Marlow and District Schools' Boathouse Trust

For the Year Ended 31 December 2023

Docusign Envelope ID: F89B1DE3-E548-4449-8291-7B27CF212034

Contents Page

Section Trustees Annual Report Independent Examintion Report Statement of Financial Activities Balance Sheet Notes to the Accounts	Page(s)
	1-2 3 4 5 6-14

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Trustee’s Annual Report

Charity Name: Marlow and District Schools' Boathouse Trust Charity Number: 1160539 Reporting Period: 01 January 2023 to 31 December 2023 Date of Report: 07 October 2025

Objectives

1.1 Charitable Objectives:

The objects of the Charity (the " Objects" ) are the provision of facilities for the advancement of amateur sport and the promotion of participation in healthy recreation, in particular (but without limitation) by the provision of boathouse facilities for pupils of Sir William Borlase's Grammar School and Great Marlow School and of other institutions in Marlow and the surrounding area.

Main Activities Undertaken:

Having obtained planning permission for the boathouse Project and completed the lease for the land for the boathouse and access road, the trustees identified providers of various aspects of phase 1 of the development. They produced a detailed budget and started a number of Fundraising initiatives. Work on site commenced for Phase 1.

Structure, Governance and Management,

Governing Document:

The trust is a company with limited liability with articles of association.

Trustee Recruitment and Appointment:

Trustees are persons known to the members, generally with a specific connection to Rowing at the Marlow Schools.

Management Arrangements:

There are 6 trustees with a chairman. Board meetings are held quarterly and an operating committee of three trustees meet more frequently to handle day to day progress.

Achievements and Performance

Summary of Key Achievements:

Planning Permission for the project. Lease for land for boathouse and access road completed. Detailed Cost plan for Phase I and Significant pledges of funding to cover the cost of Phase 1. Phase 1 earthworks commenced.

Impact Measurement:

The three schools have a very limited window to continue rowing on their current site and completing Phase 1 so that all schools can continue to row is a key land mark.

Financial Review

Income and Expenditure Overview:

The charity raised just over £80,000 from fund raising activities, including sponsored rows, Golf Days and launching a GoFundMe page. Our Expenses relate to various reports and cost associated with planning and preparing for Phase 1. Income CY £83,666, (PY £4.00). Expenditure CY £12,434, (PY £0.00).

Reserves Policy:

The Charity’s policy is to not commit to any future expenditure without having reserves in place to cover this cost. Reserves CY £115,734, (PY £44,501)

Investment Policy (if applicable):

Given the timing of expected expenditure the charity holds money on interest bearing accounts as much as possible. We do not invest in equity or bond markets.

Risk Management

Principal Risks Identified:

The financial risks faced by the charity is that we commit to Phase 1 without having sufficient funds to complete it. We have an individual who is prepared to underwrite the cost to avoid this risk.

Reputational risk is in failing to deliver a workable alternative for the schools rowing programs and we believe we will meet the targets to achieve this.

Plans for the Future

Strategic Goals:

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During the next financial year we aim to complete phase 1 and have the schools’ rowing programmes operating from our site.

Planned Activities:

Phase 1 requires the construction of an access road, a secure compound and installation of pontoons to allow access to the river. These will be completed in the next year.

Trustee’s Annual Report (Continued)

Charity Name: Marlow and District Schools' Boathouse Trust Charity Number: 1160539 Reporting Period: 01 January 2023 to 31 December 2023 Date of Report: 07 October 2025

Reference and Administrative Details

Charity Name: Marlow and District Schools' Boathouse Trust Registered Address: c/o Redgrave Sports Centre, Wycombe Road, Marlow, Bucks SL7 3JD Trustees During the Year:

Alistair Handford – from February 2023 Simon Funnell James Biggs – from March 2023 Mark Ballard – from April 2023 Fergus Murison Kay Mountfield Catherine Bownass – to March 2023 Simon Money – to March 2023 Catriona McLeod – to January 2023 Mike Bourton – Secretary Bankers Lloyds Bank, Maidenhead 30-95-36 Independent Examiner: Jordan Lee-Paskin ACA FMAAT

Approval

This report was approved by the board of trustees on 20 October 2023 and signed on their behalf by:

Chair of Trustees:

Name: Alistair Handford Signature: ____ 10/27/2025 Date: ___

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	Independent examiner's report on the accounts
Section A	Independent Examiner’s Report
Set out on pages On accounts for the year ended Report to the trustees	Charity no (if any) 4 - 14 (remember to include the page numbers of additional sheets) 31 December 2023 1160539 Marlow and District Schools' Boathouse Trust

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023. As the charity's trustees, you are responsible for the preparation of the accounts in Responsibilities accordance with the requirements of the Charities Act 2011 (“the Act”). and basis of I report in respect of my examination of the Trust’s accounts carried out under report 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.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

 the accounting records were not kept in accordance with section 130 of the Charities Act; or Independent  the accounts did not accord with the accounting records; or examiner's  the accounts did not comply with the applicable requirements concerning the statement 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.

Signed: Date: 10/27/2025 Name: Jordan Lee-Paskin Relevant professional Member of the Institute of Chartered Accountants (England and Wales) qualification(s) Fellow Member of the Association of Accounting Technicians or body (if any):

Address: 43 Markus Avenue

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Thame OX9 3FE

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Marlow and District Schools' Boathouse TCharity No 1160539
Company No 8824509
Annual accounts for the period
Period end
Period start date 01/01/2023 To date 31/12/2023
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Section A Statement of financial activities (including summary income and expenditure account)

Guidance Note S01 S02 S03 S04 S05 S06 S07 Expenditure (Notes 6) Expenditure on: S08 S09 S10 S11 S12 S13 Tax payable S14 S15 Net gains/(losses) on investments S16 S17 Extraordinary items S18 S19 S20 Other gains/(losses) S21 S22 Reconciliation of funds: S23 S24 Raising funds Separate material item of income Other Other Income (Note 3) Income and endowments from: Investments Other trading activities Gains and losses on revaluation of fixed assets for the charity’s own use Charitable activities Separate material expense item Donations and legacies Total Recommended categories by activity Total funds carried forward Total Net income/(expenditure) after tax before investment gains/(losses) Net income/(expenditure) Transfers between funds Charitable activities Total funds brought forward Net movement in funds Other recognised gains/(losses): Net income/(expenditure) before tax for the reporting period	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03 83,661 - - - - - - - - - - - - - - 6 - -	Total funds Prior year funds £ £ F04 F05
		83,661 - - - - - - - - - 6 4
	83,666 - -	83,666 4
	- - - 12,434 - - - - -
		- - 12,434 - - -
	12,434 - -	12,434 -
	71,233 - -	71,233 4
	- - -	- -
	71,233 - -	71,233 4
	- - -	- -
	71,233 - -	71,233 4
	- - - - - - - - - - - -	- - -
		- - - -
	71,233 - -	71,233 4
	44,501 - -	44,501 44,497
	115,734 - -	115,734 44,501

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	Marlow and District Schools' Boathouse Trust	Marlow and District Schools' Boathouse Trust	Marlow and District Schools' Boathouse Trust	Charity No Company No	1160539 8824509
Section B Balance sheet
Guidance Note Fixed assets Intangible assets (Note 15) B01 Tangible assets (Note 14) B02 Heritage assets (Note 16) B03 Investments (Note 17) B04 Total fixed assets B05 Current assets Stocks (Note 18) B06 Debtors (Note 19) B07 Investments (Note 17.4) B08 Cash at bank and in hand (Note 24) B09 Total current assets B10 Creditors: amounts falling due within one year (Note 20) B11 Net current assets/(liabilities) B12 Total assets less current liabilities B13 Creditors: amounts falling due after one year (Note 20) B14 Provisions for liabilities B15 Total net assets or liabilities B16 Funds of the Charity Endowment funds (Note 27) B17 Restricted income funds (Note 27) B18 Unrestricted funds B19 Revaluation reserve B20 Fair value reserve B21 Total funds B22		Unrestricted funds £ F01 - 125,000 - -	Restricted income funds £ F02 - - - -	Endowment funds £ F03 - - - -	Total this year £ F04	Total last year £ F05
					- 125,000 - -	- - - -
		125,000	-	-	125,000	-
		- - - 115,734	- - - -	- - - -
					- - - 115,734	- - - 44,501
		115,734	-	-	115,734	44,501
						-
		-	-	-	-
		115,734	-	-	115,734	44,501
		240,734	-	-	240,734	44,501
						- -
		125,000 -	- -	- -	125,000 -
		115,734	-	-	115,734	44,501
		- 115,734	-	-		- - -
					- - 115,734 -
		115,734	-	-	115,734	44,501

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small The members have not required the company to obtain an audit in accordance with section 476 of the The directors acknowledge their responsibilities for complying with the requirements of the Companies

These accounts have been prepared in accordance with the provisions applicable to small companies

Signed by one trustee/director on behalf of all the trustees/directors Signature of director authenticating accounts being sent to Companies House	Date of approval dd/mm/yyyy Date dd/mm/yyyy Print name Signature Print Name Alistair Handford 10/27/2025 10/27/2025

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Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

• and with*

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their  accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

• and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

Not applicable Disclosure of any uncertainties that make the going concern assumption doubtful; Not applicable Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a Not applicable going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in the notes.

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Yes 
-Tick as appropriate
No
Please disclose:
(i) the nature of the change in accounting policy; Not applicable
(ii) the reasons why applying the new accounting policy provides more reliable and more relevant
Not applicable
information; and
(iii) the amount of the adjustment for each line affected in the current period, each prior period
presented and the aggregate amount of the adjustment relating to periods before those presented, Not applicable
3.44 FRS102 SORP.
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1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

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Yes 
-Tick as appropriate
No
Please disclose:
(i) the nature of any changes; Not applicable
(ii) the effect of the change on income and expense or assets and liabilities for the current period; and Not applicable
(iii) where practicable, the effect of the change in one or more future periods. Not applicable
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1.5 Material prior year errors

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No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).
Yes 
-Tick as appropriate
No
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Section C Notes to the accounts (Continued)

Note 2 Accounting policies Grants and donations Recognition of income The charity has received government grants in the reporting period Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. These are included in the Statement of Financial Activities (SoFA) when:  the monetary value can be measured with sufficient reliability.  it is more likely than not that the trustees will receive the resources;  the charity becomes entitled to the resources; There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Contractual income and performance related grants Government grants Tax reclaims on donations and gifts Legacies Offsetting 2.2 INCOME

Yes No N/a    Yes No N/a  Yes No N/a   Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  

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Donated goods Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income  from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and  included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when  receivable.

Section C Notes to the accounts (Continued)

2.2 INCOME (Continued)

Donated services and facilities 2.2 INCOME (Continued) Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Liability recognition 2.3 EXPENDITURE AND LIABILITIES Settlement of insurance claims Investment gains and losses Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Income from membership subscriptions Income from interest, royalties and dividends Support costs Volunteer help Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The charity has incurred expenditure on support costs. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Yes No N/a   Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a   Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a*

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Creditors Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance and support costs Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants with performance conditions Redundancy cost Deferred income Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity made no redundancy payments during the reporting period. No material item of deferred income has been included in the accounts. Grants payable without performance conditions The charity has creditors which are measured at settlement amounts less any trade discounts	  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a* 
Section C Notes to the accounts (Continued)
Intangible fixed assets 2.4 ASSETS 2.3 EXPENDITURE AND LIABILITIES (Continued) They are valued at cost. Heritage assets Basic financial instruments Tangible fixed assets for use by charity The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. These are capitalised if they can be used for more than one year, and cost at least They are valued at cost. The depreciation rates and methods used are disclosed in note 5. Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methodshave not been disclosed as they are not relevant. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used are not disclosed as they are not relevant.	Yes No N/a  Yes No N/a  Yes No N/a   Yes No N/a   Yes No N/a  Yes No N/a £500.00

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Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year end. 
The same treatment is applied to unlisted investments unless fair value cannot be
Investments
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments 
Yes No N/a
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net 
realisable value.
Stocks and work Goods or services provided as part of a charitable activity are measured at net realisable
in progress value based on the service potential provided by items of stock. 
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the 
contract.
Yes No N/a
Debtors (including trade debtors and loans receivable) are measured on initial recognition
Debtors at settlement amount after any trade discounts or amount advanced by the charity.

Subsequently, they are measured at the cash or other consideration expected to be
received.
Yes No N/a
The charity has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit
Current asset and cash equivalents with a maturity of loss than one year held for investment purposes 
investments rather than to meet short-term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE N/A
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Section C Notes to the accounts (Continued)

Note 3 Income

Note 3	Income
Donations and legacies: Income from investments: Charitable activities: Other trading activities:	Unrestricted funds Restricted income funds Endowme nt funds Total funds Prior year £ £ 83,661 - - 83,661 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 83,661 - -83,661 - - - - - - Analysis of income Donations and gifts Gift Aid Legacies General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Donated goods, facilities and services Other Total Other
	- - -- - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - -- - Total Other Total Interest income Dividend income Rental and leasing income Other Total

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Other: TOTAL INCOME	Other Total Royalties from the exploitation of intellectual property rights Conversion of endowment funds into income Gain on disposal of a tangible fixed asset held for charity's own use Gain on disposal of a programme related investment	- - - - - - - - - - - - - - - - - - - - 6 - - 6 4
		6 - -6 4
		83,667 - - 83,667 4

Other information:

All income in the prior year was unrestricted except for: N/A

Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.

Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

This year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

Last year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

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N/A
N/A
N/A
N/A
N/A
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Section C Notes to the accounts (Continued)

Note 4 Expenditure

			This year	This year	This year					Restricted Last	year	year
Analysis	Unrestricted		Restricted		Endowment			Unrestricted		income		Endowme
	funds		income funds			funds	Total funds	funds		funds		nt funds	Total funds
Expenditure on raising funds:							£						£
Incurred seeking donations		-		-		-	-		-	-		-	-
Incurred seeking legacies		-		-		-	-		-	-		-	-
Incurred seeking grants		-		-		-	-		-	-		-	-
Operating membership schemes
and social lotteries		-	-			-	-		-	-		-	-
Staging fundraising events	2,102			-		-	2,102		-	-		-	-
Fudraising agents		-	-			-	-		-	-		-	-
Operating charity shops		-		-		-	-		-	-		-	-
Operating a trading company
undertaking non-charitable
trading activity		-	-			-	-		-	-		-	-
Advertising, marketing, direct
mail and publicity		-	-			-	-		-	-		-	-

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Start up costs incurred in
generating new source of future
income - - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - - - - -
Investment management costs:
- - - - - - - -
Portfolio management costs - - - - - - - -
Cost of obtaining investment
advice - - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing
costs - - - - - - - -
Rent collection, property repairs
and maintenance charges
- - - - - - - -
Total expenditure on raising
funds 2,102 - - 2,102 - - - -
Expenditure on charitable activities:
Development Costs 9,704 - - 9,704 - - - -
Insurance 628 - - 628 - - - -
Total 10,332 - - 10,332 - - - -
TOTAL EXPENDITURE 12,434 - - 12,434 - - - -
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Other information:

Analysis of expenditure on charitable activities

Activity or programme Development of Boathouse Activity 2 Other Total	Activities undertaken directly Grant funding of activities Support Costs Total this year Activities undertaken directly Grant funding of activities Support Costs £ £ £ £ £ £ £ 12,434 - - 12,434 - - - - - - - - - - - - - - - - - 12,434 - - 12,434 - - - This year Last year	Total last year £ - - - - N/A N/A
This year: Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).
Last year: Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

Section C Notes to the accounts (Continued)

Note 5 Tangible fixed assets 5.1 Cost or valuation

Additions Revaluations Disposals Transfers * At the beginning of the year At end of the year	Freehold Other land Plant, Fixtures, Total £ £ £ £ £ - - - - - - 125,000 - - 125,000 - - - - - - - - - - - - - - - - 125,000 - - 125,000

Docusign Envelope ID: F89B1DE3-E548-4449-8291-7B27CF212034

5.2 Depreciation

Basis N/A N/A N/A N/A - - - - Disposals - - - - Depreciation - - - - Impairment - - - - Transfers - - - - At end of the year - - - - - - - - - 125,000 - - 5.4 Impairment At beginning of the year 5.3 Net book value Net book value at the beginning of the year Net book value at the end of the year This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.*

N/A - - - - - - - 125,000 N/A N/A

Note 6

6.1 Analysis of creditors

6.1 Analysis of creditors
Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	This year Last year This year Last £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - 125,000 - Amounts falling due within one year Amounts falling due after more than one year
	- - 125,000 -

Note 7 Other disclosures for debtors, creditors and other basic financial instruments

	This year		Last year
7.1 Please provide information about the significance of	A loan has been provided by one of	N/A
financial instruments (eg. debtors, creditors,	the trustees for £125,000. This loan is
investments etc) to the charity's financial position or	due to be repaid and repayments will
performance, for example, the terms and conditions of	commence once the charity begins to
loans or the use of hedging to manage financial risk.	generate revenue from services
	provided to the local schools.
7.2 If the charity has provided financial assets as a form	The Lease of the land was financed by	N/A
of security, the carrying amount of the financial assets	a loan from a trustee. The loan is non-
pledged as security and the terms and conitions related	interest bearing and while repayment
to its pledge should be given here.	is behind schedule there is no threat
	to the on going commercial viability of
	the charity as it is owed to a Trustee.

Section C Notes to the accounts (Continued)

Note 8 Cash at bank and in hand

This year Last year £ £