REGISTERED CHARITY NUMBER.. 1165474
Report ofthe Trnrttts •na
Umlldlted FI*iD¢lai Stslements f•r the Y#r Ende4 31 August 2012
Tht Athf•rd &hool FouortalloD

The A$hford Selmol Fovndation
Cont¢nts of the Yitt*ncl#l Stilements
for the Year Ended 31 Augwt 2022
Pize
Report of the Truste
Independent Ex•mlner'i Rep•rt
St•t¢meDt ofFlnandal Acdvlt
B*lath¢e Sbttt
Notes to the Fln•n¢lal Ststethellts
6 to 11
Detalled St•t*mtnf of FI￿￿¢thI Ac¢lvld
12

The A•hford School F•undY4tion
Report of the TruJte¢s
for the Year Ended 31 August 2022
The tru5tee5 present their report with the financial statements of th¢ ¢h2rity for the year end￿ 31 August 2022. The
tees have adoptsd the prnvisions of A￿O￿n￿rts and RcportÈng by CILarities.' Stst¢ment of R¢comm¢llded Pradi¢e
applicable to ¢h4Thtj¢S LD preparing their accounrs.
OWECTIVES AND ACTIVITIES
The Foundation awarded bursaries to 13 pupiJ5 in the 2021122 academic year. The Fouttdation eontrhbuted betwee
IOYfj and 40/0 of die aiinual f¢¢s for attending the senior school.
FINANCIAL REVIEW
Fln•nc141 Revlew
Total incomiJ)g Te50urce5 amounted to £41,569, with totsi outgoing rtsourcrs Am¢unting to £48.IS4.
Investment powers
Thc Tru5tee5 bave wid¢ investment powers, subject to their obt4ining advice from A financial ¢xp¢rt. The TNsi¢es
may delegotc the manag¢ment of investments to a fmancilll expert, subject, inter alia, to the Trustees settin8 down their
vestmentpolicy in writing to the inwlm¢n¢ m4nag¢rs.
Reserve5 poIIcy
Th¢ Trusiees havc adopted • policy of reteining sufficiet2t CEgh to eover bursary fee8 xw2rded for one yeor plus £1,000
lo cover ollier annual expen$e3. Th¢ S¢liool provides ill the rtecessttry infTastructsJre aiid per80nnel ¢0 Tun the
Foundation Offi¢¢ and pay for fundr8L$ill8 Costs. O¢lier ih8n grants awarded Ihe only OU￿01￿￿$ of the charity are tho$¢
irteurred In the Preparatiot) and examinlltion of thi8 annual report 8nd in Ilie pro¢e$$ing of p8ym¢nts r¢¢¢iv¢d by dirrtl
d¢bit.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Covernln8 doeument
The ciwity is controlled by its 8overnin8 do¢umen( A deed of trust. Ind constitutes R limit￿ cotnpany. limited by
8uaraThtee. gs d¢fined by the C¢)mpinieu Act 2006.
Constltutlon chArltgbl¢ obJt¢ts
Th¢ ¢li)rity is a Charitable Incorporat¢d Orginisation governed pursuant to a Constitution dated 8 February 2016. 111
objecla ar¢..
To Advance educatioTh ai A$hford School lih¢ "School") for the public b¢Thefit by Providin8 fvnding. a￿18￿[1¢¢ and
Support in such i manner AS the charity tNslees shall d¢t¢miin¢ in¢ludin8 (without limitsiionl the ptovision of..
la) Funding to the School towards the upkeep aud d¢v¢lopm¢nl of its fa¢iliii¢s,'
{b) Financial assistth¢¢ to pupi15 at the School towards the Cost of their school fees &nd 8enerAI ¢xpens¢s irteurred while
ot the S¢hotrl.
OryAnl¥Atlonil de¢lgio# m*klng
The charity has a board of ttustees with a minimum of thrcc truste¢s and a maximum of twelve Iruslec$. The Director of
D¢Y¢lopm¢nt of Ashford School and the Head t¢ach¢r of AshfoTd S¢hool #re ¢x-offi¢i¢ tru8i¢es. E&ch of thc Ashford
School Association and the A5hford School Parenl Teacher Associalson leach an "appuiniin8 body") may appoint 8
5Lngle trustee. To dat¢ the Ashford School Association has notchos¢n to nominate a tru¥tee.
Publle Beneflt
The trjstees ronfimi th&t they have complied with th¢ duty s¢t out in s¢¢tson 4 of th¢ Ctwiti¢s A¢t 2006 to have d￿e
rcgord to guidance published by the Charity Commission, incluth.ng pJbli¢ benefit guid8n¢¢ when reviewing the
cbaTitie8 8]ms attd obje¢¢iv¢$ and its plat￿1￿8 future actiyities.
Related p2rt1e8
The charity iw no related parts"¢s. but exists to advance eAucatioA at the School for the public benefit.
Page I

Th¢ A$hford School FouRdatioD
Report of th¢ Trustees
for the Year Emded 31 August 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Charity number
1165474
Rtglst¢red office
The Fouhdation OtTi¢e
A$hford School
Easi Hill
Ashford
K¢ni
TN24 8PB
Trusteej
The Venerable Rever¢nd St¢phen Taylor- Ch8irn)att
Michael Hall- H￿d Teacher of Ashford Schijol
Nicola Brightlin8
Rory Monigomeri¢
Sarah KtTshaw- re8i8ned April 2022
Kotherine Floyd
Michelle Kraw¢zyk- Appointed February 2023
Nicola Ralchford- appoioi¢d F¢biwary 2023
Independent EiimlDer
Sarah Ad&rnsort
Di88es Barn
Out Elmstead Latte
Barham
Clnterbury
Kent
cr4 6PH
Solleltors
Stone Kin8
13 Qiieen Square
Bath
BAI 2HJ
Investment ManA8ers
Brooks Macdottold
72 Wclbe¢k Street
London
WIGQAY
Approved by onl¢r of the board of truyte¢5 on 12 Junc 2023 and signcd OTh its behalf by.
The Vene
le Reverend Stephen T
lor- TnJ$ree
Pag¢ 2

IDd¢pendent Ex#rnln¢r's Report to the Trust¢es of
The Ashford Sehool FouthdatioD
Independent examiner's report to the trustees of The AshfoTd Srhool Foulldatio
I rew>rt to the charity tru5trcs on my cxamination of the accounts for th¢ year ended 31 August 2022.
RespoDslblllde$ And basls of report
A5 the chiLity'5 trustccs you are respoNsibl¢ for the pr¢p8rntion of th¢ a¢¢ouryts in accord8Dcc with the rtquir¢ments of
the Charities Act 2011 {'the 2011 Aci).
I report iti respect of my eX￿lIndI1¢n of your charity's occounts as ufried out under Scclion 145 of th¢ Chariti￿ A¢t
2011 Ilhe 2011 Aci'l. In ¢8rryiiig out my ¢xamitsation I hav¢ followed the DirectLOt15 giv¢ft by th¢ Chanty Commission
und¢r Se¢tiotL 145{51 Ibl of the 2011 Act.
Independettt ex•mlner's statement
I liave completed my examination. I ￿Thr]rnI thAt no mpdtton have ￿rne to my attention in connecuon with th¢
¥x￿nin4￿0n giving me ¢aus¢ to believe..
a¢countins record5 wcre not kepi in Tespect ofth¢charity in a¢¢ord&nce with section 130 of ihe Chgriues A¢t.' or
the accounts do not a¢cord with those r¢cord8' OT
the 8CCOUDts do not comply with the applicable requirements con￿MIn8 the fonn and conte￿* of the A¢¢ounts
sei out in the Charities (Accounts and Reports) R¢gulition 2008 other than Any requJr¢ment thRt the ae¢ounty
give a 'tnJe and f4ir' view whi¢h is not a inalter coiisidered lls part of an ind¢p¢ndent eX￿nin3t]0n.
I have no eoncom$ and have eome Aerets fio other m&tt¢rg in connection with tho ¢xAmination to which 4ttenlion should
be drawn in thi8 r¢pori in Ord￿ to ¢n&ble o proper understsnding of the accouttts to be reached.
Sarah Adamgon
Di88es Barn
Out Elmstead Lloe
Barham
C*ht¢rbury
Kent
CT4 6PH
Da*..
P2g¢ 3

The Ashford Schrrfbl F•uud•tlo
ststement of Fluaneial Activities
for the Year Ended 31 August 2022
2022
Total
funds
2021
Tot&l
nds
Unrestricted
Restricted
nds
Notes
INCOME AND ENDOWMENTS FROM
Do]]ation$ and legacies
1.220
23.070
24,290
I l J87
Investment ineome
Totnl
EXPENDITURE ON
Rai51n8 fund$
2,603
2,725
5,328
S.094
Charltoble actlwltles
Bursury to senior school pupil$
Grant for cipital exp¢ndith]re
6,492
35.584
42.076
22.932
10,881
(hh¢r
250
soo
750
750
Net g&in51llossesl on inveBtsn¢rtlS
24 0591
22 4761
46 3351
,YET INCOMEI(EXPENDITURE)
123,251)
129,869)
153,1201
51,865
RECONCILIATION OF FUNDS
Ttstsl Jjnds brougtlt forward
360,987
2S8.498
619,485
567.620
TOTAL FUNDS CARRIED FORWARD
337 736
228 629
566,365
619485
The notes forn) part of these financial 8tat¢ments
P28¢ 4

The Ajhford School Foundatto
Balance Sheet
31 August 2022
2022
Total
nds
2021
Tor
Jnds
Unrestricted
fimd
Restricted
Notes
FIXED ASSETS
Investmciit5
282,973
264,363
547,336
574,26L
CURRENT ASSETS
Debtot5
C45h in hand
S,169
5,169
3SO
61.503
350
61.855
68.906
CREDITORS
Amounts fallin8 due within one year
16,7421
136,0841
(42,8261
123.682)
NET CURRENT ASSETS
35 734)
TOTAL ASSETS LESS CURBENT
LIABILITIES
337.736
228.629
566.365
619.485
NET ASSETS
337 736
228 629
566 365
619485
FUNDS
UnrE5tri¢ted fundy
Restri¢ied funds
10
337.736
228 629
360.987
258 498
TOTAL FUNDS
566 365
619485
The notes fonn part of these financial stai¢ments
Page 5

Th¢ A$hford School Foundatio
Notes to Ibe FlnAu¢lal St#ttmertlS
for the Year Ended 31 AMgu$t 2022
ACCOUNTING POLICIES
Bas18 of preparlllg iht finin¢ig1 $tat¢ments
The finan¢ial stat¢m¢nts of th¢ ¢hanrAble company. whi¢h 1$ a public benefit eTrtity uttder FRS 102, have beeD
prepared in accord8n¢¢ with the Charjties SORP IFRS 1021 'Accounting And RepoL"tuig by Charilies.. Sialement
of R¢¢ommended Prncticc applicable to charities PTepariiig their ac¢ount$ il) a¢cordance with the Financial
RepDrting Standard 8ppli¢able in the UK and Repllbli¢ of Ireland IFRS 1021 (cffeciive l J#nuary 2019}'.
Financial Reporting Standard 102 The Financial Reportitlg Standard applicable in the UK and Republic of
Irelaiid.. The fiD&n¢ial siat¢m¢nts hav¢ b¢en prepared under Ihe hisioncal cosi convention. with the exceplion of
invoiment$ whi¢h ar¢ io¢lud¢d ai markei value
Ineorne
All income is reco8nised in the Statement of Financial ActLVltie5 onc¢ th¢ chaTity has entitl¢ment to the fvDd$, it
is probabl¢ tha¢ the income will be received ond the amoui)i ¢an bc tneasured reliably.
Expethdlimre
Liabiliijes are recogtlised as expenthttwe ￿ soon as th¢r¢ 18 a le8al or constructive obligation commiltuig th¢
charity to that expenditure, it is probable that a transfer of economic benefiis will b¢ required in selllemeni and
th¢ omount of ihe oblL8atLOLJ cEin be rneasured r¢liably. ExpendithJr¢ 1$ accounted for OLI an accTua15 ba515 and has
been classified uiider headi118$ ihat a8gTe8Ste all ¢081 related 10 the cai¢sory. Where costs cannot be directly
allributed ￿ Particular heodings they h2ve been Allocated to aetivities on A basis consistrnt with th¢ of
re$ouwes.
TixBdon
The ¢harity is exempt from ¢oryor81ion tsx on its ¢haTit&ble activities.
Unresvi¢t¢d ful￿$ ¢4n b¢ used in ￿¢oldIn¢¢ with the charitable objeetivts at Ihe dis¢r¢iion of the Irusi¢es.
Restricted ￿ndS clln only be used for pirtielllar restricted purpos¢J within rhe objects of tlie cliarity.
R¢siri¢tion9 arise when specified by the donor or wh¢n fvnds ir¢ raised fol PYlrti¢ulaT Testrieted puryoses.
Thc Braiby-MHlpas tund 1$ restricted ts) providing burgary ossistonce lo 3bJdenls who altcnd¢d the junior school.
The 8ssisied plac¢s fund is r¢slri¢*d to providin8 fsnancial as51StatKe towards s¢hool fees aiid the c8pi¢al
projccts fund reflects donations given speciflcally towards d¢velopm¢nt of ¥eliool facilities.
INVESTMENT INCOME
2022
2021
Dividends
17
RAISING FUNDS
Inveitment m&n&Eem¢nt to¥ts
2022
2021
Portfolio manag¢men¢
Donation coll￿tIon fees
5,005
323
4.833
261
P4e7
continued...

The Ashford School Fownd*do
Note5 to the Financial St4temeDl¥- to*¢iaued
for the Yesr Ended 31 Awsi 2022
NET INCOMEI{EXPENDITURE}
Nei incotneJ(expeDditswe) 15 stst&l after ¢harwW(uuth"tsng).'
2022
2021
750
750
TRUSTEES, REMUNERATION AND BENEFTTS
There were no trustes, r¢mun¢rntion or other baKfits for the year ¢rthJ 31 Au8us¢ 2022 nor for the y¢8r ¢nd¢d
31 August 2021.
Trnstees, expen￿$
There w¢r¢ no trustr¢s' expenses plid for the yetr eTthd 31 AwJst2022 nor for the y￿r ended
31 August 2021.
COMPARATIVES FOR THE sfATEMEi¥T OF FINANCIAL ACTIVITIES
UnTestri¢trd
R¢stn¢*d
Totrl
fijnds
INCOME AND ENDOWM8Kfs FROM
Donations and legacics
1.547
11.387
Investment in¢ome
Total
EXPENDITURE ON
Rllisin8 Iljnds
2J16
2.$78
5,094
Ch*rltsbl¢ •£¢lvlil
Bursary to genior $¢iKK>I pupils
Grani for capstsl expenditure
1,070
4,452
21,862
6.429
22,932
10,881
Other
250
500
750
Ne¢ invesrtDents
NET ll¥COME
17,175
51,865
RECONCILIATION OF FUNDS
Totyl fiu¥Js brought forward
326397
241,323
567.620
c￿tillued...

The Ajhford Sthool Foundatio
Iyotes to the Financlal StatemeKt5- tontlnued
for Éh¢ Y¢*r Ended 31 August 2022
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued
UnT¢Stri¢ted
Restticied
nd
Total
nd5
TOTAL FUNDS CARIUED FORWARD
360 987
258 498
619485
FIXED ASSET INVESTMEflTS
List
inveBtmeDts
MARKET VALUE
At I September 2021
Adth"lions
495,460
At 31 Au8U$t 2022
515070
PROVISIONS
At I September 2021
F￿vIsiO11 for yCHr
178.801}
At 31 August 2022
NET BOOK VALU
At 31 Augus12022
547 336
At 31 Au8u$i 2021
S74261
Ther¢ werc no invc51mctLt JS5cts oulside the UK.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YFAR
2022
2021
Other debtors
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
AccD￿d expenses
Page 8
coJJtillued...

The Ashford S¢hool Foundxth
Noteg to the Fin*#¢S¥l St*temtmts- eo•tlAued
fffvr tht Yt*r Ended 31 August 1022
111. MOV£MEKf IN FUNDS
Net
movemcnt
io fiLt)ds
At
31.8.22
Ai 1.9.21
Unreitrkt¢d fi￿0$
General fi￿d
360.987
{232511
337.736
R¥trleted fun
Bratby-Malp•s fiu)d
Capital PTojecLs fund
258,498
131,4331
227.065
258.498
228 629
566
53 120) a65
Net mov¢men¢ in Incl￿ ID th¢ alw¢ &5 follows..
lu¢omw8 Re50urees Gains Mov¢meni
loss¢s
Unretrlcted funth
General fund
10.153
(9J45}
{24.0591
(23.251)
Rutrl¢tsd fvnds
Bratby-malpas fund
Assisied places fund
C?pital proje¢¢s fvnd
8.346
21,357
(17,303)
(21.3S7)
(22.476)
(31.433)
TOTAL FUNDS
46 535)
53 1201
Comparltlvu hr thovement14 fMDds
movernent
in funds
At
31.8,21
Ai 1.920
Unreitrieted
General fimd
3263
360.987
trlcted fundi
Bratby-mjlpas fund
Capit81 projects fvnd
236.490
258.498
241
258 498
TOTAL Fi￿Ds
567 620
619485
Pa8e 9
colltinued...

The Ashford School Found*tlon
Note5 to the Flttatteial Statements- tonttnued
for the Year Kfjded 31 Au8llSt 2022
io.
MOVEMENT IN FUIYDS- ¢ontlnued
Comparative net mov¢tiKL¢ it) fvnd4 iDcludtd in tILe above arc as follows..
tncoming
resources
Resources
expend¢d
Gains and
losses
Movemellt
in ful
Unreltritted funds
General futld
10,459
18,288)
32,519
34,690
R￿trICted fllndi
Bratby-malpas fund
A$$isted places fund
Capital pioj¢¢ts fund
8.325
8.075
{16.6961
{8.0751
30,379
22.008
31369)
TOTAL FUNDS
39 6571
A cuml year 12 month5 Rnd prior year 12 months combitied position Ès is follows..
Net
movemtht
in funds
At
31.8.22
At 1.9.20
Unrestrltted fundl
G¢n¢rdl fvnd
326.297
11,439
337.736
Restrlcttd fundi
Br&iby-Malp2s fund
Capital projects timd
236.490
19.425}
227,06S
241323
126941
228 629
TOTAL FUNDS
567 620
566 365
A ¢UTrtnt y•Ar 12 m•fiih$ thnd prior y•4r 12 montho combin￿ ttat mov¢m•rt¢ itt lknd*. In¢ludod in th¢ qboY¢
81 follow5.,
In¢omiu8
resoijTces
Resources
¢xpend¢d
Gains and
1085CS
Movement
Ln fijnds
Uhrutrl¢t¢d fundi
Gclicral fund
20,612
(17,633)
8,460
11.439
R￿trIcted fund8
Bratby-M&lp05 fund
A5SJ8t¢d places fund
Capital projects fund
16,671
29,432
133.999)
129,432}
7.903
19,4251
70 178)
12 6941
TOTAL FUNDS
Page 10
corttiuuyL..

The Ashford School Foundatio
Notes to the Financlal Statements- contlnued
for the Year Ended 31 August 2022
ii.
RELATED PARTY DISCLOSURES
There w¢re no ￿lated p8rty traDsactsons for the Y￿ etlded 31 August 2022.
Pa8e 11

The Ashford Sebool Ffjund8ti0
Detalled Statement of Fth*ucial Actlvitl
for th¢ Y￿r Ended 31 2022
2022
2021
ENCOME AP4D ENDOWMENTS
Donadons a•d leg*d
DonatLOUS
24290
11.387
Investment thtom¢
Dividends
17.237
Tot41 ruo4r¢eg
41,569
28,624
EXPENDITURE
RaI￿ni don#tloDI And Jryiel
Donatioll collection f¢¢s
323
261
Ittvestment In•n8gemetst eo
Portfolio mani8emeut
5.005
4.833
CharltAble scttvltl
Grants
42,076
33.813
Support to
Gov¢rn*n¢t tosts
lttdepcndent ¢x2mination
750
750
Total r¢sowce8 ex￿ed
Net expendlturo befor¢ galNJ Ind I•M
(6.5851
{11.0331
Realljed rttognl•¢d *Dd lowes
Ruli$ed 8ainslllosse5) on fu¢d ass¢t Inves￿¢￿
GaIn￿lI0$SeSI on revaluation of inYestmeDts
11.471
Net (exp¢ndltureyineome
This ￿8t dots not forni of s*4bJt(Ky financial statemfflts
P•gc 12