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

The Ashford SEhool Fo4nd*tlox
CoDteDts of the Ftnantial Ststtments
for tbe Y•8r Ended 31 August 2023
R¢port (tyf th¢ Trus¢tts
depeDdeDt R¢port
Statement ofFlttanel*l Aetl*fitlta
B8l*M¢¢ 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
Fin*Deig1 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¥rit*bl¢ 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 f*ilits
Ibl Financial ￿*stanCe to pupfftls at the Schwl towards the cajstof their thl fccs ¢xmws while
tthe School.
Org4ni5atitio*l 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•ad*tion
Ind¢peDdeDt examiner's report to the trwtees of The Ashford School Fopnd*ti••
I reportto the tharity In￿ on rny exarninatiim ofth¢ ac4xwJnts foT the ye4r endeAI 31 August 2023.
Respottbibllitles xnd b*sis 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 <JaTities Act
2011 (the 2011 ACV). In £￿ing out my examination I have followed th¢ Direclions given by the Charity Commission
wider s￿tiOn 145(5) (b) of the 2011
IDd¢peTrdtD¢ examlner's 8t#tern¢nt
I have coEnpleted my examin￿lOn. I e4)ttfi￿ that no mat*rs hav¢ k))me to my attertion in LIxm￿l10n with the
examtnatson 8ivin8 m¢ cause to belteve:
accounting re¢ords were not iti TW ofthe chty in ￿rdance with sedion 130 ofthe Charities Ad: or
the a¢¢ounts do not accord with thos¢ records; or
the accounts th) not cornply with th¢ applicable require4n￿ts co￿ernIng the fo￿ and ￿ntent of the accounts
set out in the Charities (Accounts and RqK)rts) Regulati￿ 21K>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 FouNd*tion
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
Tol*l
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 Fotynd*tlD
B8lance Sheet
31 August 2023
2011
Totol
2022
Totsl
funds
FIXED ASSETS
vestsnents
246237
476.281
547.336
Debtor5
C*3h 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 fitt*lltial 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 ca*8￿. 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
T*x#lk•tt
The charity is exunm from LWC*ItiLm 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 Foumd*tkn
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¢ Fl*attci*l 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 Fotttsd*tio
Notss to th¢ Trln*llcial 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