2023-08-31-accounts

REGisfERED CHARrrY NUMBEIL. 1165474 Re￿rt of the Trns¢eu *d Um#udSt¢d Flll•n¢ial Statements for the Yer E#ded 31 Awgust 2023 Th• AShfo￿ Sekool F•u#d•tlo•

The Ashford SEhool Fo4ndtlox CoDteDts of the Ftnantial Ststtments for tbe Y•8r Ended 31 August 2023 R¢port (tyf th¢ Trus¢tts depeDdeDt R¢port Statement ofFlttanell Aetlfitlta B8lM¢¢ Sheet Not¢* to ¢b¢ Fi￿￿£141 Ststeme#ts 6 to 11 12

The Ashford School Rewbrt ofthe Trnstees for the Year Ended 31 Au¥•st 2D11 The trustres present their re￿Trrt wth the financial sta￿fflts of the chtrity for the year end￿ 31 August 2023. The trustees have adopted the [￿VisIonS of A£￿￿titig and Rwting by Chgriti45.' Ststrmem of RKommended Practice applicable to chartties preparitig their aceounts in acwrdanc¢ wtth th¢ FuwJ¢ia] Rewting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (eff&tiY¢ l janu￿ 2019). The Foundathon awarded bursaries to 14 pupils irt the 202Y23 acadenllc ytsr. The FoutKlation c4xrtributes between 10% and 80Vo of the atmuat fees for attendin8the senior scknl. ANC￿ RE￿Ew FinDeig1 R•vi¢w Tothl iKoming r¢sourtt$ amothittrl th £35J05. withtotsl (xrtg0iogTesou￿ amouDlirg to £78248. Investment powers The Tnth have wtde inv¢slm•rt pow¢r4 subject to their obtsining thic¢ frirfn a fman¢ial e>w¢rL The Trnstees may d¢l¢gat¢ the management of inv¢5tllMits to a finanGi81 cxprt subje¢ Int￿ alii to th¢ Trustecs sdting down their iEivestsn¢nt w)licy in writing to th¢ inv45tmart m8n1g￿& Reserves polity The Tnjstees have adoptsd a policy of retrinit￿ sufficient ￿s￿ to wver Ixrsory fees awarded for one year plus £l,IMJO to cover other annuat expensos. The SclK)ol provides all the necessary Infr&Stru￿ and personnel to run the Fowidation Office and pay for fundraising costs. Other than grants awarded only outgoing$ of the charity are those incurred in ihe prqwdtion aE]d exaMi￿On of this annual report and in the procw1￿ of payments received by direct debit. STRUCTURE, GOVERNANCI AND MANAGEMENr GovernlJg doe￿￿e0t The chartty is controlled by its governing a deed of and cwtitsrtes a limit￿ comp3ny. limited by Constitvtion nd eh¥ritbl¢ objects The charity is a Charitsble In￿rpOr￿ (k8anisatton govffnoj Ixlrsi￿t to a Con￿l￿￿on dat￿ 8 F¢bnwy 2016. Its obic¢ts are.. To advance education It Ashford School (the '%chooll ftr the publi¢ brn¢fit iry prf)viding fi]rKI]￿ ￿lS￿nce and supw)rt in sueh a manner &8 the elwity tr￿SteeS shall ddernhine includi1￿ (WIth￿t limitstion) the provision of.. (a) Funding to th¢ School towards the upkeep aDd de￿o￿or its filits Ibl Financial ￿stanCe to pupfftls at the Schwl towards the cajstof their thl fccs ¢xmws while tthe School. Org4ni5atitiol d¢¢tyiott makirtg The charity a board of tru5tce5 With a minimum of thrt¢ trust￿$ and a M￿]MUM of twelv¢ I￿ste¢S. Th¢ Dirthr of Development of AShf1￿ Sch(x)l and the Head teacher of Ashford S¢h(K)l are ex•officio trus*e& Each of the Ashfojd School A$S￿la110n and th¢ Ashford Sthool P8T¢nt TwlJ¢r A$%￿[all0n (¢ach an 'apN)]￿]ng I￿") may appoint a Single tr1￿. To date neitheT IK>tty h&$ Chosen ￿ nominate ltrn￿. Publffic B¢Trefit The t[￿steeS confirni that they have complied with the duty set (rtrt in $￿tion 4 of th¢ Chariti¢5 Act 2(X)6 to have due re¥￿d to guidan¢e published by th¢ Charity Cornm1￿1￿ incI￿1n8 public benBfit guidanc4 when reviewing the charitias aims and objecttves and in p18nning fubjre aetivitses. Th¢ ¢lJarity Iw no relat&l partity l)ut ¢xi#s to advanc¢ 01￿9110￿ atthe Sch￿1 for the public benefiL

Tbe Ashford SChrm￿ Fo￿￿d41￿￿ Report of the TTTslees for the Ye4r Ended 31 Aug4st 2023 Rewtered Ch#rity Dllwb¢r 1165474 ReRi4tered office Th¢ Foundation Office Ashford School E&st Hill Ashford Kent TN24 8PB Tr¥$tees The Venerdblc Reverend Stephen Taylor (chairrnan)-resi￿j 12 June 2023 Lara Jukes (chairm￿)-Oppoint￿ 12 June 2023 Michael H￿1- H¢&1 T¢a¢her of Ashford SCI￿1 Nicola Bri8htling Rory Montgomuie K*herine Floyd Mich¢lle KrawtrLyk- apFK>intal F¢bTuary 2023 Nicola Rat¢hford- apFM)int&l Febnwy 2023 tndependent Examiner Sarah Adamsc Digge5 Bam Out Elmstead L8De Barham K¢ cr4 6PH Solicitors Ston¢ King 13 Squw¢ BAI 2EU Brooks maCdor￿ld 72 Welbeck Street t￿nd¢)n WIG OAY Approved by ord¢r ofthe iKwd of ¢)n ......IC.fyWa￿ .2%>Zi#._ and Si￿￿ i)n IL% behdf by: IAra Jukes. Trustre

The Ashford Sch(￿1 Fo•adtion Ind¢peDdeDt examiner's report to the trwtees of The Ashford School Fopndti•• I reportto the tharity In￿ on rny exarninatiim ofth¢ ac4xwJnts foT the ye4r endeAI 31 August 2023. Respottbibllitles xnd bsis ofreport AS the ¢h￿ity'S tri￿ you 8r¢ r¢5twible for the prep￿lOn of th¢ in xox)knc¢ with the requiTEments of the Charili&% Act 2011 (Ihe 2011 Act?. I teport in r&8r¢¢¢ of my exami￿On of YC￿ ¢harity¥ ￿￿urtts L8 L¥nied out urth Sectkon 145 of the 8 other thatt any requIre￿ent that the accounts E hav¢ no o)ncuAJs and have &ri)ss no ots mattus in corttK£tion with the examiTMtion to whiL titte￿10￿ sly)uld be drawn in this re[￿ in orts ID enable a propKr Und¢T5th￿￿8 of the aceounts to be reach￿1. Sarah Adamson FCA CTA Digges B8rn Out Elmstead L￿¢ Cauterbury Kent cr4 6PH Date..

e Askford Sehooj FouNdtion Stat¢m•nt of Trln4n¢l#l Ac¢ivStles for tht Year Ended 31 All¥u3121)23 2023 2022 funds funds INCOME AI¥D EI¥DOWMENfs FROM Donations and le8a¢i&s JJ25 11.376 IA701 24,2￿1 lrtvestmertt ineome Toll 35 EXPENDITLfRE ON R&isin8 funds 1487 25ZT 5.014 5.328 Ch*rltAblt Ietlvltleg Burshriesleapital proje<ts 35.793 36.541 71334 42.076 oth sx)o 750 TotAI 78 39 568 ￿48 Net lain￿00s$¢S) on investrnents NET INCOMEIIEXPENDITURE) (32.195) 127.109) (59J04) (53,120) RECONCILIATION OF FUNDS Totsl ￿1)d8 brou8ht foThYard 337,TJ6 228.629 566,365 619.485 TOTAL FUNDS CARRIED FORWARD

The Asbford Sehool FotyndtlD B8lance Sheet 31 August 2023 2011 Totol 2022 Totsl funds FIXED ASSETS vestsnents 246237 476.281 547.336 Debtor5 C3h in hand 5.169 59.629 (28.024) 31,605 61,855 Amounts fallin8 due within one y 1325) (500) 1825) (42.826) 28 24 TOTAL ASSETS LESS CURRENT LIABILITIES 305.541 201.520 so7.c￿l 566.365 NET ASSETS 201520 VUNDS unrestrict￿ Restrictsa fvndj 10 305.541 201520 337,736 228 629 TOTAL FUNDS 566 365 The not¢5 ptofthe8¢ financid stateM￿ts

The Ashford School Fo•nd#tlts NoteJ to the Ststemt•ts fL)r tbe Year Ended 31 August 2023 Bfisls of pnparfDg the fittlltial thtem¢Dts Th¢ finan¢ial statements of the charity. which is a public ben¢fit entity undcr FRS 102, ￿ve be￿ in aC￿[d81￿C With the Chartties SORP IFRS 102) 'A￿unting and Rwrtin8 by Chariti&%.. Statement of Recommended Practice applicabl¢ to charities prq)Iri￿ their in gccordgnce wtth the Financia] Reporting Strndard applicable in the UK #rtd Republic of tr¢l8nd IFRS 102) (effethive l January 2019),. Financia] Rep)rtin8 Standard 102 Tr Financial Re[￿1￿8 Standard applicable in the UK and Republi¢ of trel8nd'. The financial stat¢ments have been wep8red UTth the historical c05t cOnv•tio￿ with th¢ ¢x¢eption of iDV¢Stments which are included at valu¢. All income is reco8nised in the St#meM of Fin8n¢i81 A￿1Vill¢S On￿ the charity has entidemu)t to the it is prob4bl¢ that the income will be rerLived ond the amount can be me&sural reliably. Exptndit•r• Liabilities are r￿QgniSed as expthditwe as sty)D ther¢ is 4 l¢g41 or Mns¢ructiv¢ obligation committing the ¢haTity to that expenditure. it is probAble a transfer of economic benefits will be iequired in settlement and the amount of the obliwion cart be me&%urtd rtliably. Expulditure is accounted for on an a¢￿￿1$ basis and has betn clos5ified und¢r h¢ading5 thai aggleg￿e ail ¢(￿t ￿]￿ed to the ca8￿. Where costs cannot be direct]y attributrd to phrticular headin8s they have been Bllocatd to adivitie5 on A basis con5iSt¢n¢ with th¢ u8¢ of r¢sourcu. Grants offered Subj￿ ￿ corKliti0￿ which have r¥)t md at ye4r d¢ notthl as a c4)mrnitment but Tx#lk•tt The charity is exunm from LWCItiLm l&x on its ehwithble aetivitie ecountiDg Unrestrit#ed fill￿$ ¢th ￿ wd irt X¢OTdw with tl* ¢hwitybl¢ rt>j¢div# at the di%r¢tion of th¢ bwt¢ Restrided fvnds ¢an only be uxd f￿ wticular re#Jid￿ PUTP)s¢s within th¢ obj¢¢ts of th¢ tharity. Restsi¢tions arise when ipecified by the th)nor or when fill￿ are for particular restrietal pu4￿￿. The Bratby-malpas fund 1$ restricted to providing bursary &s5is1gnce to 5tyd¢nts who at￿rtded the jUnLof Bthool. The assisted places fimd is restricted to wovidin8 financial assistance towards school fees and the capitsl projxts fiuMI refiects don￿]0￿ given specifiG&lly towards development of sch￿1 facilities. ESTMENf ￿COmE 2023 2022 Dtvidends 17 ¢ontmuol...

The Ashford Scbty)l Foumdtkn Notes to tb¢ Ststsmtnts- toathiued for the Y￿r Ended 31 A￿guSt 21ll3 2023 2022 Portfolio M￿41¢m¢ NET tNCOMV(EXPENDITURE) N¢t incom&(exp￿d1tuff) is d after dJtiTwnW(L7YAlitin8).' 2023 2022 900 750 TRUSTEFS, REMUNERATION A]YD BENEFIIS There w¢r¢ no InwtttB' remuneration (r oth¢r bcnefrts for the yev (Djd 31 Au8￿ 2023 nor for the year ¢rtd 31 Augu￿ 2022. There were no Irw*M' exp¢ns¢5 for th? yw endoj 31 Augu512023 nor fv the year ended 31 A￿8￿$t 2022. COMPARATIVLS FOR THE ￿ATEMENT OF FINANCIAL A￿VITIEs Tots] fimds tNCOME AND ENDOWMENtS FROM Don8tions and le8aci 1220 23,070 24,290 Investsn¢rtt ineom¢ 8 933 ￿46 Totsl XPENDllTiIRE ON Raisin8 funds 1603 1725 SJ28 Cbarlthble Actlvitiej 6.492 35,584 42,076 500 750 N¢t gain￿(l(&s¢s) on investrna (23,251) (29,869) {53,120) RECOl¥CtLIATION OF TritNDS Totsl fimds brought fon¥8Yd 3fAI.987 258,498 619.485 e0ntiDU￿..

The Ashfoyd School FouDd•llo Notv to th¢ Flattcil St8temeats- for the Year Ended 31 August 21J23 Total fimds Listed investments PaARKET VALUE At I Septemiff 2022 Additions Disp)5815 515.070 93,623 136 149 At 31 Au8USt 2023 PROVISIONS Al I September 2022 Provision for y¢4r 132,266) At 31 Au8Urt 2023 NET B(X)K VALUE Ai 31 Augu# 2023 476 281 At 31 Au8USt 2022 547 336 There were no investment assets (￿ts1dethe U DEBTOILS: AMOiJNTS FALLING DUE WITHIN ONE YEAR 2023 2022 (Xher deb¢ CREDrroRS: Amou￿[s FALLING DUE IvrrHIN ONE YLIR 2023 2022 825

The Ashford S¢hool Fotttsdtio Notss to th¢ Trlnllcial Statements- ¢ontipued for the Y¢•r ￿￿ded 31 August 21)Ll io. movcmtht in funds At 1.922 31.8.23 Unrestrkted f•ndJ G¢n¢rai fiuMI 337.TJ6 (31195> 305.541 R¢4trict¢d f￿nds Bratby-Malp4s fund Capital projects 227.Ih55 (27.958) IW,107 201520 TOTAL FUNDS Net movemekt in fimds. i￿1￿￿ed in the above are 88 foll GgiLs and Movem¢nt Unrejtrttted fundi 14,943 138,680) (8.458) (32.195) Regtrleted Br8tby-MAlw fimd Assisted places fimd Capital projects fund 8.986 9.938 (29.041) (9.938) 589 {7,￿3) (27,958) 849 39 TOTAL FUNDS 35 Compirntlvm for tyovetn¢•t l* f•tt N¢t movan¢ni Al 31.8.22 At 1.921 unre1t￿ted f•nd• 360,987 (23251} 337.736 Restricted funds Br￿ty.M￿p￿ fimd Capits] projects fithd 258,498 (31,433) 227,065 ¢OMinwJ...

The Asknford Selm￿1 Folltsdallo# Notes to the FinxDcial Stat¢￿ents- continued for the Ye4r Ended 31 August 21)Ll MOVEMENT IN FUNDS- contimved Comparative net movemart in W induded in the aiwe ar¢ follows". In¢omin8 Resources Gains and ex loss¢$ Movernent in funds Unrestrlcted fu•dJ General futMI 10.153 (9J45) (24.059) (23251) Rdtrleted Bra¢by-Malp&s fvnd Assisled pla¢es fijnd Capital projects fund (17.303) (21.357) (21476) (31.433) 21.357 1.713 TOTAL FUN 154 53 1201 A current yeor12 months ond prioryear 12 combined p)sition is as follows.. Net movement in funds At 31.823 At 1.921 Unregtrfrted fu￿dI G¢n¢rnl fund 360.987 (55.446) 305.541 Rutrl¢tsd tsndi Br*by-M&lpas fund Capithl projects fund 258.498 (59.391) 199,107 201520 TOTAL FUNDS 112424) A current year 12 months and prior year 12 Mon￿ ethnbined net movemen¢ in in¢lude41 in the above are a¥ lollow5'. Incoming Resou￿ Geins and Movement ¢xpen in funds Gener81 fu￿1 25. (48.0￿) (32.517) (55,446) Rulrfrted fumdx Bratby-Malpa5 fund As5]￿ed pl￿¢5 fi]nd Capita] projects fund 17J32 31.295 (46?44) (31295) 738 (30J79) (39,391) 2,413 TOTAL FUNDS Page 10 contittud...

The Askford Sehoo] F•wnd#tio Notu to the Trln8n£i*l Ststemeots- eomlinutd for the Year Ended 31 August 2023 11. RELATED PARTY DISCIDSURES