Regtstefed Number. 1161427 2o23l2024Annu Reptyt l. Bas ofthe Annual Rewjrt aFKI Accounts As a Cto with a turnover of less than £250,Cm the tnths have prepared the accounts on receipts and payments basis. As the charrty had a turEhwer of less than £IO.IKK) no independent examinatK>n of the accounts has been undertaken. rep)rt has been treated with refence to the CharityCommissions50RP. 2. lntrodurt)n In light of changes at &bford SCI1 SOSC felt ab to rfrc0mMen awarding grants. Thesè totaSled £1.573 wÈthin the perw)d. Littte iOrne was trmrt fvDd r41s1 is due to re- Commen in 2024. cfvèrall the cash situion is £C with £10.941 in the ban 3. ObjertNesaThJ Activi The obieL%ives of the charity are indth in the govemlTrd document aswj are restricted to thè folknvin8ATrms: a. Forthe advanMentOf education of thildren attendin8 or wi5hin8 to attend 5ibford School by provlsknn of BursaTies to kIKIr5 who have need of financial assistance. b. For the a¢fvanent of education of fomier %1larS of Sibford School by the provisn of Grants to Fornr Scholars who have need of finarKial asststan. c. For the adVanrnent of e(Iuc3tion to scholar5 of Sibford khool by providing and assisting in the provr5ion of Faulits at Sibford Sd)ool whKh would not otherwise bp provided ty the School. Eath of these AFMS of the tharity are de%8ned forthe public benèfft in that they8eneral improve the 1 ofedw3tion within soc*ty. 4. Achievements and Perfonnance Two grants were awarded within the period to existirE stholars. It is hoped that the Sch1 will provide feedback on how thi5 wrtoney helFed these indF¥iduals. S. Financial Review DUrid the Financial PerKJd Income totalled £20 and Expenditure, induding Grants totalled £1,937 so gNing a net loss of £1.917. When (leducted from the preuS yearfs cumulative suTpIu5 of £12.858 this rthv leaves a cumuLae balarKe of £10.941.
The Charity continuesto fld-fence donations based on a donorf preference with any Gfft Aid being allocated to the Charirfs Administration bJgeL Wrth re8ards to it 15 the chariVs lvthat no expendIre will Commit1 to unle55 there 15 sufficient monry in the appropriate fEtrnd to cOr any expendr(ure. There are no lund5 in deficit. 6. Strurture, Governance and Mana8ement No chan8e5 have been made to the ConstitutKJn. 7. Reference and Administrative Details of the Charity, itsTnstees Advi5eF5 Charity Name: SibfoFd Old Srholars Charlty latso known asSOSCI Charity Registratn Number. 1161427 Address of the PrirKtpal Office.. The Old Saddlers. High StreeL Hen5trid8e. Somerset 8A8 OR4 En8Jand Charity Trnstees on the date this rwrt t*as appro¥ed: Amanda Brown, Simon Matthews. Ashley Shirlin, lesley Matthews. 8. Exemptions from Disch)gJre None. 9. Funds held as Custodian Trustee on behalfof others None. 10. Public Benefft Statement The charity ttee$ confirni that they have complied with their dutyto have due regard to the guidance on public benefit published by the Charity CommissKsn in exerC1n8thelr powers and duties. 11. Summary Little ha5 changed regardire the charity overthe last 12 months but signifjcant hjnds exist for fUre operaiio Chair: Amanda Brovm Treasurer. Ashlry Shirlin Dote: 21°January 2025 Date: 21"Ja 2025
CHARITY COMMISSION FOR ENGiAND ANO WALES 1161427 Receipts and payments accounts CC16a Forthe perlod 01ffjJ4r2023 3110Y2024 To Section A Receipts and payments Unrnstrlcted fvnds funds Total fund5 La8tyoaf A1 RK*l Funds Ratsed ub tot41( AR) tsbt• Sub lotsl 1.SY3 Sub tot 1,937 A4 Ass•tand Inveslmgnt PUhase9. (see table) Sub total 1937 1,537 110 Not of rn¢¢lMW(paymeiits) 1.917 110 A6 Cash tsnds last year end 11A82 10. 11858 10,941 12,968 12,868 Section B Statement of assets and liabilities at the end of the period Endowment funds Categories funds to mirwt£ Bl Cash lunds •.•41 CCXX R1 ISSI 1KJ1r2025
Totsl ¢osh fvnds 9.941 funds fund$ to rwrns¢£ Detail$ Details Curmnt¥&lu• Details B4 As$•ts rntalnèd forthe ¢haiTty's own use Wh•n d Detsil$ 85 Llabllltles Sungy by trte8¥ C behawofall ts Ir Date of ro¥al 21101r2025 Ash* Shirfin 21101r2025 CCXX R2 Issi 21K11r2025