REGISTERED CHARITY NUMBER:1165474
Report ofth• Th￿te¢S And
UTh¥udlt¢d Fln*DcknI St*temetsts for tht Y¢¥r End¢0 31 Augu$t 2024
for
Tbt Ajhford School FoundgtAo

The Ashford School Found*tio
Contents of the Flnanclal Statements
for the Year Ended 31 August 2024
Pagt
Report of th¢ Truste
Independent Eumin¢r's Rew)rt
Statement of Fin#llcial Activltks
Balance Sheet
Notes to the FifjaDclal StAtemeDts
6 to 10
D¢tailed StstemeDt of Fin¥Thci81 ActiYÈdes

The Ashford S¢hool Fouttdati
Report of the Trnstees
for the YeAr Ended 31 A￿￿$t 2024
The trustees who are also dire¢tors of the clwrity f¢ff the pu4x)ses of the Companies Act 2006, present their Teport with
the f]n8n¢ial statements of the charity for the year ended 31 August 2024. The trustees twve adopt¢d the provisions of
Accouniing and Reporting by Charities." Statement of Recommended Praeti¢e app￿(able to charities PT¢paring their
?¢counts in accordan¢¢ witb the Financial R¢portin8 Sthndard applicable tn the UK and Republic of Ireland IFRS 102)
(effective l J4nuary 2019).
OWECTIVES AND A￿1VITIEs
The Foundation aW￿ded bursaries to 13 pupils in the 2023r24 o¢•J¢mi¢ year. The Foundation COTrtribut¢5 between I
and 55Y• of the a1￿U3] fees for attending the senior school.
FINANCIAL REVIEW
Fin8n¢lal Revlew
Totsl incorning resoitrtts amounted to £2A801 with total ￿jtgOE￿8 res¢)iirces amoiuitin8 to £70.623.
Invejtment powen
The Ttus¢es have wide investment power¥ subject to their obtsining advice fr(xD * f￿ancial expert. The Tnjstees mly
del¢gate the management of investsnents to a fin8ncial expe¢ subJecL inter ali4 to the Tru5tee5 5ettiDg down theEr
investh)¢nt poli¢y ID Writin8 to th¢ inveslln¢ni monage
Re$¢TV¢S policy
The Tn￿ee3 hav¢ adopted a policy of retaining sufficieni cash kn cover burs8ry fees awarded for one y¢ar plus £l.000 to
cover other annual exp¢n5¢5. The School provides all the r*¢essary infrastrucft￿C and personnel io run the FoLEDdation
OffEC¢ and pay for ￿ndraising costs. (Jher than gTants awarded the only ou￿01￿￿5 of the charity ar¢ those illcujred in
the prepataiion 8nd examination of this annual rewt and ID th¢ proce5sin8 of ￿YMents rec¢1V￿ by direct debit.
STRUCTURE. GOVERNANCE AND MANAGEME
Governtng document
The charity 13 controlled by its 8ov¢min8 thum¢n( a deed of x and CLMStitity a limited compgny, limited by
guaranice, as deflljrd by the Componies Ac¢ 2Crt)6.
Constltutlon &Dd ¢horltsble objeets
The chBrity is a Charitable IncorpoTrt•a Organisation governed pursuaTht to a ConstiDJtion dated 8 F¢bruhry 2016. Its
obje¢ts are..
To advance edueaiion 4¢ Athford Sthool (the"S¢hfy)lry forthepublie benefitby providu4 fundin& ￿siStanCe and suppon
its su¢h 4 rnanner as the charity tDJstr¢s sh411 deknine 1ft¢h￿lng {wrthout limitstion) the provision of..
(a) Funding to the School towards the upkeep and development of its fa¢iliti¢s,
Ib) Financial assistance to pupils ¥ the S¢hool towards the c(rft of their sthool fees and 8enernl expenses in¢urred while
at the School.
Organ￿4th0￿#E and detbh)n w•king
The charity h&% & board of in￿lee3 with a minimum of three trustees a[￿ a rn&xrmuTn of tw¢lv¢ lrnstee5. Th¢ Director of
Development of Ashford Sch(KJl and the He4d teacher of Ashford Sch(￿] are ex•officio ttwtees. Each of the A5hford
Sehool Association 8nd the AShf￿ School Parent Teacher Asso¢iation •n'8ppornting body") may appoint a sin8le
trustee. To dat¢ neither body hes ¢ho8¢n to no￿1n4t¢ a tnts.
Public Benefit
The trustees cortfinn that thry have complied with the duty set out in section 4 of the Charities Act 2006 to have due
re8Brd to 8uidance published by the Charity Cothmissio4 includin8 public Ixnefit guidan¢¢. when Tevi¢wing th¢ ¢h8yiti¢s
aims and objectives and in plawtin8 fvtur¢ activili¢3.
Related p4rt1¢s
The tharity has Do related porti#. but exists to advance ￿¢￿IOn at the S¢hool for the pthli¢ benefiL
P38e I

The Ashford Seb￿1 Ftsund#ti
Report of the Trnste¢s
for the Year Ended 31 August 2024
REFERENCE AND ADMINISTRATIVE DETAILS
R¢gister¢d Cbarity
1165474
R¢gl$ter¢d offl¢t
The Foundation Office
Ashford School
East Hill
Ashford
Kent
rN24 8PB
Tru$¢ee3
Lara Jukes (Chairnian)
Rory Montgom¢rie
K#therin¢ Floyd
Michael Hall
Mi¢h¢ll¢ Antt Kraw¢zyk
Nicola Ann Ratchford
Nicola BTightliThg- re$igne4114 February 2025
IndependeDt ExAmln*r
S&Tah Adamson FCA cfA
Digges Barn
Out Eimstead Lane
Barham
Canterbury
Kent
CT4 6PH
Soll¢ltor5
Stone KiDg
13 Queen Square
BAI 2HJ
Investment Mana%erJ
Brook5 Ma¢donAld
72 Welbeck Street
Ltsnd¢)n
WIOOAY
AppToved by order of the bofird of truste￿ on 13 June 2025 $i8ned ((L its behdf by..
IAra Jukes. Tnutee

Independent Examiner's Report to the Trllsttes of
The Ashford Sthool Foundatio
llldependent examiller's report to the trllstees of Tbe A5hford School Foundatlon Cth¢ Company,)
I report to the charity twiees on my examinktion of the accounts of the Company for the year ended 3 1 August 2024.
Responsibilities and IMSIS of re￿rt
As the cbaritys tru5te¢5 of the Compally (and a]so its directo[5 for the purwJ5¢5 of company law) you are responsible foT
th¢ preparation of the accourts in with the rwuiJements of the CompBnÉes Act 21)06 (tthe 21)06 Arf).
Having satisfied myself that th¢ a￿)Ullts of the Comwy are not required to be auditsd under Part 16 of the 2006 Act
and are eligible for independent examiiiation. I rep(xt resped of my ¢xamtnation of your charity's accounts &% Carried
out under S¢dion 145 of the Ch8rities Act 201 I (Ihe 2011 Arf)- In wtttg out my examin&ion I have followed the
Directiolls given by the CJJaTity Com]nission under kntion 145(5) (b) of the 2011 ACL
llldependent e￿MIner'S ststement
I h4ve ¢omplet¢d my exami1￿10n. l ¢OTffirm that llomattershavecome lomy attention ineonnection withth¢examination
gÈving Tne cause to belieye..
a¢￿U￿ting records were not kept in r&wt of the Company as wuired ty Seaion 386 of the 2006 Ae4 or
the accounts do not accord with those records" or
the accounts do noi cojnpty with the 2c£ountiDg requirements of Sectioo 396 of the 2￿16 Act other thaD aEy
requirement that the attounts give a ttw and fair view whith is not a matter e¢)nsidered as part of an independent
examination" or
the accounts have not been weparcd in accord￿ wKth the Enethods and ptiticiples of the Ststement of
R¢¢ornmended Practice for accounts.ng aDd reportmg by charities (applicable to charities pT¢parin8 their accounts
in accoidance with the Financisl Retvting Standard applicabk ID the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters itt connection with the exarninanon to which attention should
be drawn in this report itL order to enable a proper understhuding of the ac¢oullts ￿ be rexhe
Sarah Adam50D FCACTA
Digges Bam
Out E]mstead Lane
Barham
Canterbury
Kent
CT4 6PH

The Ashcord School FO￿￿d￿tIOn
stste￿emt of Fknaneial Activities
for the Year Ended 31 Allgust 2024
2024
2023
Totsl
UDr¢strieted li¢strirteAI
fiJDd
nds
fijnds
Notes
INCOME AND ENDOWMENTS FROM
DonatiODS and IEacies
4.655
6J60
[1,015
16,701
Inve8tmeErt income
Tot81
26.802
EXPENDITURE or4
Rai%itig fimd
2J50
4,814
5,014
Charltable #etlvltles
Bursary lo senior 5¢hool pupi]5
Grant for Capi￿ expenditure
42,816
s,￿8
13.168
55,984
72,334
Other
325
500
825
Total
51
19224
N¢t galo￿(10￿es) on investhients
20.105
NET INCOl¥fFJ(EXPENDITURE)
(17.(￿2)
14,866
(2,196)
(59.304)
RECONCILIATION OF FUNDS
Total fiwds brought forward
305.541
201.520
507.C61
566.365
TOTAL FUNDS CARRIED FORWARD
288.479
216.386
504.865
507 061
The note5 forni w of these fJDan¢ial stgtejnents
Page 4

The Ashford School Fouttdation
B8laDct Sheet
31 August 2024
2024
Tgtsl
Ojnds
2023
Total
fjjnds
fimd
fi￿dS
Notes
FIXED A&SETS
tnvesttnents
255,304
238.514
493.818
476281
CURRENT ASSETS
C4sh haTrd
33,5(K¢
(21.628)
11,8r2
31,605
CREDITORS
Amounts falling within one year
(325)
(5(M))
(825)
(825)
NET CURRENT ASSETS
.128
TOTAL A&SETS LESS CURRENT
LIABILrriLs
28&479
216J86
504.865
507.061
NET A&SETS
288.479
216 386
FUNDS
Unrestricted fun¢l%
Restricted fvnds
288,479
216386
305.541
201520
TOTAL FUNDS
507.061
Th¢ ni)tes forrn part of th¢5e fiDancial

The Ashford School Fo￿ndItIO
Not¢S to tbe ￿alle￿al Ststements
for the Year Eknded 31 August 21n4
ccour4TU4G POLICIF
Basig of preparing the fin•ncial ststements
The financial 5tate5Tr£nts of th¢ charitable Company. which is a public benefit entity under FRS 101 have been
prepared in accordanc¢ with the Charrtie5 so￿ IFRS 102) 'Ac¢ounting alld Rew)rtints by Charities.. Statement
of Recommended Practice applicable to chartties preparing their accounts in aceord4nce with the FitAncial
iieportin8 Stattdard applicable in the UKand Republic of Ireland (FRS 102) {effectiv¢ l Janw 2019),. Financial
Reporting StsTrdard 102 The Financial Reportin.
StsndaTd appli¢able ill th¢ UK and Republic of IEelalld' and the
Companies Aci 2006. The fjnancial Sthtem￿ts bave E*en prepared under the historical cost WTLventioT4 with the
exception of investtnents which are Includ￿ &t matket value.
Ineome
All income is re￿gnised in the Statemeni of Finan¢wl ActivNie5 once the charity has ettritleTllerLt to the funds, it
is probable that the income will be TeCeIv￿ and the amount ¢aD be rtlthly.
Expenditure
Liabilities are re¢ogni5ed as exp¢nditiJre as $¢X￿ as there is a legal or coDslructive oblig4tion committkng th¢
charitv to that eX￿nditUTe, Ét is probable that a tr8n5frr of economic IKllefits wi15 b¢ Tequired in settlement and
the amount of the obligation can be ttleasurryl reliably. Ex￿dIt￿R is awountrd for on an Hccruals b&sis and tws
been classifitd under headinJ tha$ 8ggregate all Cost relat&l to the category. Where costs cannot be dire¢tly
attributed io parti¢ulaT headw they have been allocatsj to activities on a basi5 ctsngistmt with the use of
resour¢es.
Grants offered subJKt to conditions which have n(* been met at tb¢ ye8r date are notrd as 4 ¢4)mmitmellt but
not awued as expeodiDJre.
TAx8tloll
The charity is ¢xempt from COEpor*iott tax its ¢harit8bk activities.
Futtd g¢counting
Unrestricted fijnds wi be used iti a¢cDrdance with tr chaTithbl¢ obj#tives &th¢ di5¢r¢tion of th¢ trustees.
Restricted fimds can on]y be us¢d forpartiCu￿rr￿[Idcd purpos￿ within the obje¢ts of the clwity. Re5tri¢tions
arts¢ spxified by th¢ donor Ir wben fiwd% are taised for parn￿ar]rStrlCttd puTtM)ses.
The Bratby-malpas fi￿d is Rstricted io providing bursary assi5tan¢e to stydents wbo attended the junior s¢hool.
The &ssisted places fund i5 restricted to providing fmancial &%ssstsnce towards school ftes and the capital projects
fijnd reflects donations given specffically towards development of Sch￿11 facilities.
INVESTMEpfr INCOME
2024
2023
Divideryds
15,787
continued..

Tbe Ashford Sehool FO￿Nd*¢I
Notu to the FiDaThcial St#temeDts- eoJtinued
for the Year EDde4131 Augu3t 2024
RAISING FUNDS
Investmekt Ma￿gethe￿I tosts
2024
2023
Portfolio managemenl
NET INCOMEI{EXPENDITURE)
Net incornel{¢xpenditiwe) i5 Statsl after chutiitipJ{ctedtting)'.
2024
2023
Oth¢r a5SUTanc¢ servic¢s
825
900
TRUSTEES, REMUNERATION AND BENEFrrs
There were no trustees, remulleratiort or other benefits fv the year ellded 31 August 2024 nor for the year ended
31 August 2023.
There wereno trustees, expen￿3 ￿ld fortheye8relld￿ 31 August 2ff24 nor forthe yearellded 31 August 2023.
COMPARATIVES FOR THE STATEMENf OF FINANCIAL AcfivITIES
Uorestricted Restricted
fimd
fjJnd$
Total
funds
INCOME AND ENDOWMENfs FROM
Donations aod legacies
5.325
11.376
16.701
Inveshn¢nt in¢om¢
9.618
To¢AI
EXPENDITURE O
B2ising funds
2.487
1527
5,014
Ch8ritsble adiviti&%
Bursary ttTr Senior th(x)I pupi]s
35,793
36,541
72.334
SW
Totsl
38.680
Net gainsl(105s¢s) on investtnents
8.458
16.361
NET INCOMEI(EXPENDrruRE)
(31195)
(27.109)
159J04)
RECONCILIATION OF FUNDS
Total fvt)¢ts brought forward
337.736
228,629
566.365
P4ge 7

The Asbford S¢trI￿1 Follttdatlon
Tr10ts5 to the Fiaaneial Ststements- tonttDued
for the Year Ended 31 A￿¥￿$t 21124
COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES- eontittlled
UTrTestri¢ted Restricted
fund
fi5nd5
Totsl
fi]nds
TOTAL FUNDS CARRtED FORWARD
303.541
201520
507061
FIXED ASSET INVEsfMENr6
Li*ed
inyesttnents
MARKET VALUE
At I September 2023
Additions
Disposals
472.544
84,111
92 837)
At 31 August 2024
463.818
PROVISIONS
At I September 2023
Provision for year
(3.737)
26 263)
At 31 August 2024
NET B￿K VALUE
At 3 1 August 2024
493818
At 31 Auguu 2023
476281
There w¢r¢ no inv¢stsnettt &4ets outside the UK.
CREDITORS: AMOU14TS FALLING DUE ￿THIN ONE YEAR
2024
2023
825
825
MOVEMENT IN FUNDS
Net
movem¢nt
in funds
At
318.24
At 1.9.23
UTrrestri¢te41 fundy
General fuT¥J
305.541
(17.{￿2)
288,479
Restrlcted lundj
Bratby-Maip&8 fund
Capital projects fund
199,107
17279
2.413
216.386
201.520
14.866
216386
TOTAL FUNDS
507.061
504.865

The Ashford Sch(￿1 Foundatio4
Notes to tbe FiDanclal St#tem¢nts-
(or the Year Ettded 31 Augu$t 2024
MOVEMENT IN FUNDS. eotstiaued
Net movement in fu￿ iDcluded in the th)v¢ are as follows".
Incorning Resources Gaitis and Movement
r¢soutces expended
losses
in funds
Unrestricted funds
General fund
12.817
(51,399)
21,520
(17.062)
Restrieted funds
Bratby-malpas fijnd
Assisted place5 fund
Capital projects fund
7.625
5,510
850
(10.451)
(5.510)
20,105
17,279
TOTAL FUNDS
70.623)
41,625
Comparatives for movement in funds
Net
movement
in fi]nds
At
318.23
At 1.9.22
Utsrestrieted funds
General
337,736
132,195)
305,541
R¢stri¢t¢d funds
Bratby-Malpa5 fimd
Capital projects fhmd
227,065
1.564
(27,958)
849
199,107
2,413
228.629
27.109
201.520
TOTAL FUNDS
566J65
59,304)
507,061
Comparative net movem¢nt in fi￿d4 included in the above are as follows:
IncornitEg
R￿U[C¢S Gains and
losses
Movetnent
in ￿lld$
Unrestricted funds
General fund
14.943
(38.680)
(8,458)
(32,195)
Restrlcted fuDds
Bratby-Malpa5 fund
Assisted places ￿nd
Capital projects fimd
8,986
9.938
1,438
(29,(Kl)
(9,938)
(7,903)
{27,9581
849
20
7.903
TOTAL FUNDS
35
78
16 361)
contlljued...

The Ashford School Fo￿ndAtiO
Notes to the Fingnci41 Statements- e&ntlMued
for the Year Ended 31 A4gust 21J24
MOVEMENf IN FUNDS.
A cutrent year 12 rn￿thS and Fffioryear 12 months combined position 15 ¥ follow5".
Net
movement
At
31.824
At 1.922
Unrestricted lunds
Genetal fi]nd
337.736
(49257)
288,479
Restrietd fvTrds
Brdtby-malpas fvnd
Capital proiects fund
237.(￿5
1,564
(10,679)
216.386
43
216.386
TOTAL Fuf4DS
566.365
61.51KI)
504.865
A cutrent year 12 montbs and pri￿Year 12 mth]th3 ¢ornbJT￿I net movemetrt in fjjnds, I￿luded in the abov¢ ar¢
as follows..
Incomin¥
Gains and
lo&ses
Movemenl
in fiu)ds
¢xF¢nded
Unrestrleted
General fund
27.7fA)
(￿￿1.079}
13,062
{49.257)
Restricted funds
Bratby-Malpa5 fund
As5i5ted plac￿ fund
Capital projects fund
16,611
15,448
(39.492)
(15,448)
12202
(10.679)
TOTAL FUNDS
(148 871)
RELATED PARTY DISCLOSURLS
There wer¢ no related party transactions forthe Ye￿ etrjed 31 AugLlSt 2024.
Pa8e 10

The Ashford Sehool F•undatioD
Detailed Statement of Finan¢ial A¢tiviti¢5
for the Year Ended 31 Au8llSt 2024
2024
2023
INCOME AND ENDOWMENIS
Dollations and l¢gacies
DonatiODS
11,015
16,701
Investment income
Divid¢nds
15.787
Total iDcomiBg Te50urces
26.802
35.305
EXPENDITURE
Ral$iDg donattolls and legaeies
Donation collection ft&
554
552
Investment mallag¢meDt costs
Portfolio man4(pement
4260
4.462
Ch8ritsble activiti¢5
Grants io institutions
Grants to individuals
422
64.984
72.334
Support costs
Govern¥nce tosts
Audiwrs. r¢mun¢rnlion for non audit work
825
9QO
Total resowces expended
Net expeDditure before galbs #nd losses
{43.821)
{42.943)
Refili5¢d recognised gains and losses
Realised gau?sl(losses) on f]xed 25set investments
Gainslllosses) on revaluation of investroents
15.362
12,168
28 529)
Net expenditure
This p•g¢ <k)es Dot forni pan of the statutory fiDancial stst¢metLts
Po8¢ 11