Charity registration number 1169268
Company registration llumber 08687374 (England and Wales)
THE CHARITABLE FOUNDATION FOR EDUCATION DEVELOPMENT
ANNUAL REPORT AND ULYAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

THE CHARITABLE FOUNDATION FOR EDUCATIOiY DEVELOPMENT
LEGALAND ADMINISTRATIVE INFORMATIOIY
Trustee5
M Faraday
PAWall
Charlty number
1169268
Company number
08687374
ReE15tered office
CIO Mat Faraday The Long Barn
Cobham Park Road
Cobham
Surrey
United King'di)m
KTII 3NE
Indcpendent examiner
David Howard
I Park Road
Hunipton WiLk
Kingyilon Upon Thamcs
KTI 4AS

THE CHARITABLE FOUNDATION FOR EDUCATIOiY DEVELOPMENT
CONTENTS
Page
Trustec report
IndL'pcndeni examinevs report
Statement of financial activities
Balance sheet
Notcs to the tinancial statcmcntS
6- 10

THE CHARITABLE FOUNDATION FOR EDUCATIOiY DEVELOPMENT
TRUSTEE REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 3] AUGUST 2022
The Trustees present their annual report and financial statements for the year ended 31 August 2022.
The finanLidl %latements have beeii prepared in dLLorddnLe with the aCLounting pi)IiLies set out in note I to
the fin#nLial %la¢einenl4 and L(Trmply willi the Charity'% Memi)rdndum c)f A%%uLialiC)n, the Cvmpanie% ALt
211116 and 'ALLoiinlin¥ and RLpc)rling by Ch<iriliLS: Sia¢LmLnt of RLcommLndid PraLIiLL appliLablL 10
charilics prLparing Ihcir acci)unis in accordancL wilh IhL Financial RLponing Siandard applicablc in Ihc UK
and Rcpublic of Ircland {FRS 102)" (as amcnded for accounting pcriods commcncing from l January
2019).
Objectlves and actlvities
The Charity's objeLlq are specifiially reslrictLd li) quch iharilable purp(Ises as the direLI()rq in their abqolule
di%LrL'iion think fil including, bul nol liiniliLI lo. ¢hL advuncLn)Lnl ol-LduLkilion for Ihl public binifil.
Thc Truslccs havc paid due rcgard lo guidance issued by the Charity Commission in deciding whal
activiiies ihe Chariiy should undertake.
Achlevements And performance
F.xp¢ndilure for the ycar ¢nd¢d 31 Ausvus12022 and .3 l AugTrusl 2021 r¢lul¥d lo IhL adniini%lralion c()s1s of
runninb) IhL lhiirily. Duringy ihi ycar Lnd¥d 31 AiiMiiis12022. IhL chiirily niiidL dc)niiiiL)ns 11)iiillin¥) £4%.onii lo
Ihc F()Iindalion lor EdiiiiiliL)n DLvil()pinLnl, and L()24 10 uiiid¢iniL ¥h¢irilii% LonniilLd lo IhL Livinb>slonc
Acadcmy in Boumcmoulh.
Flnanclal revle
Diiringr thc pcri(Id th¢ ¢harity had in¢om¢ r¢sourc¢s of £25.950 and a total ¢xp¢nditur¢ 01. £52.182 rcsulting
in nct rcsour¢cs of -£26.232.
The ¢harity has a poli¢y of holdingj r¢4¢rves ¢qUiV<ilent to betw¢en three and six months, ¢xpendilure. The
Tru4tee% con4ider that re%erves al thi4 level will en%ure that. in the event of d %ignificdnt drop in funding.
they will be ablc to continue thc charity's Clirrcnt activitics whilc con%idcring way4 in which clddili(Inal
lund4 may be riiiscd. Thc Icvcl ol. rc%crves were lowcr in this linancial year due to <1 one-oll. adminislralive
expcnse. howcvcr, going forward the ¢harity has thc rcquircd lcvcl ot tunds to sustain ihc r¢scrvcs poli¢y
thal it has in place.
The Tru.4tee% have asse$4ed the major risk% to which th¢ Charity 14 exposed, and are satisfied that .4y41em%
are in place to miligate exposure to the major risks.
Structurei governance and management
The Charity is controllcd by it.8 governing document, a deed of trust, and constitutes a limited company,
limited by guarantee, as defined by the Companies Aci 2006.
The Trnstees. who are also the directors for the purpose of company law, and who served during the year
.Ind up to the date of signature of the financial statements were=
M Faraday
L Rawlings
PA Wall
(Resigned 8 February 2022)

THE CHARITABLE *OUNDAI-IOIY TrOR LDuCATIo￿ DLVELOPMEYT
TRLISTEE REPORT {INCLUDENG DIRECtI)RS' REPC)RT) (CONTIIYUED)
FOR THE YEAR Etl'D£D 31 AUGUST 2022
TN%lee% are appointed by ordiiiary resolution ot the members.
Nc)ne ol-lhe Trubiee4 has any henefiLiJl inierest in the compaiiy. All ot the TNsiee4 are meiiibers of Ihe
compuny und guur<iniec to LoniribLilc £. l in th¢ evLni old w'inding up.
Ncw TnJslLe% are inlonned ol. Iheir obli¥aiions undLr company and Lharily law and are encourabTed lo read
'The esscntial trustee- whai yoii need io know ICL31" iisued by the C'harity C'ommi.%sion.
St4¢emen¢ of'frustee reiiponslbllliles
Tlie Tru%lee%, who are M150 the direciors of The Chariiiible Foundaiion For Educuiion Developmeni for the
purw)%L of Lump*iny Idw. arL rLspi)n4iblc for prL'parin¥ IhL Tru%lLL RLpiin und IhL IiniinLidl ¥iaiLmLnls in
dcci)rilancL Iirjih appliLdhlL law #nd United Kin&duiii ALci)uniinb %iandaril% ILlI)iied Kinbidc)i)i GenLrally
ALcLpicd ALLouniing PraciiLel.
LL7mpany Law. requires the Trustees io prepure finuncithl 5taiemenis fur eaLh finunLial year which give a
truL and lair Viiw, of iliL siaiL of allair% ol- Ihc C'hiiriiy and of ili¥ inci)Ining rL'SC)(Ii'ccs and appliLaiion of
resources. including ihe income and eX￿ndi(Ure. ol'ihe charitable compuny for thai year.
In preparing ihetse Iii)ancial slaiemenLS. Ihe Trustee.8 are required io..
.￿lect suitable accounting policies and ihen apply ihem consislcnily:
observe ihe meih()d% and principles iii ihL' Chariiies.SORP:
makL' judgemL￿¢S And L%iimuiLs Ihul arL' rL'asonablL und prudLnl,'
lalL whlihir cipp1iLiiblL. UK ALLoun¢in¥ StcindiirilN havL' lollowLbd. subjLx't to any Inaicrial diydriurL'S
di.sclosed 411)d explllined in IhL' liiiilncial %iaiLIIILll15,' and
prL'pafL' Ihc finuniial %liiiLniLni.¥ on Ihc bjoing concern ba.%is unle$5 il 1% inuppr()priotc lo prLsLime ihal Ihe
Charity will Lonlinuc in opcralion.
Tl)e Tru%lce4 arc resptsngiblc for kceping adcqiiale occouniing rccords ihal disclo4c M'iih reasonable
aLLiifilLy al any limL IhL' finilTILial pu4iliun u1- IhL L'hariiy diid Lnabl¥ IIIL'M Iu Lnbur¥ Ihdi ihL finai)LiJl
iaiLnicnl.s Lomply w'ith Ihc Ciiiiipiinic% Acl ?tK)6. They ore alw re%i)()n%iblL Inr sbli¥uardiii&p the N4.4CL4 of
Ihe Lharily und hL'nLe for takin¥ rcasonablL' 5tcp& for the prcvLnlion dnd deleLiion uf frdud dnd othvr
irregulArillCS.
Tlic Truslcc rcpon wa5 approved by Ihc ljoaid ofTrustC¢S.
M F*r*d*y
DJl¢d: 2510512023

THE CHARITABLE FOUNDATION FOR EDUCATIOiY DEVELOPMENT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CHARITABLE FOUNDATION FOR EDUCATION DEVELOPMENT
report to the Tn]stces on my examination of the financial statements of The Charitable Foundation For
Education Developillent (the Charity) for the year ended 31 August 2022. which are sct out on pages 04 to l O.
Responsibilities and basis of report
As thL TrustLLS Lil. thL Clidrity Idnd also its directors for the purposes of company lawl you are responsible for
thL' prLpdration of thc financial sldtLmcnts in aLcordaiicL' with thL rcquirLmLnts of the Coinpanics ALt 2006
{the 2006 Act}.
Having satisfied mysell. that thc tinancial ststemcnts ol. the Charity arc not rcquircd tu bc dudited under Part
16 01. thc 2006 ALt and are cligFiblc tor indcpcndent cxamination. I rcport in rcsPCLt ot Iny cxamination ol. the
C"harity's financial statcinciit% Cdrriecl out under section 145 ot the Q'hdrities Act 2011 Itlic 2011 Act). In
carryingF Out Iny exaillination I hdve followed all the applicable Directions gjiven by tlie Cl)arity Coinmission
under %ection 14.%151{bl of the 201 l Act.
Independent examiner's statement
I havL LuinpIL%tLd Illy L'xaminaliDI). I conlimi that no Inatters have come lo my atiention in conneciion with
the exainii)aliun gTivinbp mc eau%Lb to believe that in any material respeet..
accouniingj rccord4 wcrc not kept in rc%pccl of thc Churily as rcquircd by section 3116 of the 2006 Act; or
Ihc Iin£inLial slalLmL'nts do nul aLLurd wilh tho%L' rLLurd%,' ur
il)L linanLial sldlLinLI)1s du iiut Lomply will) (hL dLLUUlllinb? rLquifL'mLnls of sL'Llion 390 of IhL' 2006 Act
oihLr than uny rL4uirLmLll¢ that thL klLLoun15 givL a truL dnd Idir viLw whiLh is not a mattLr LonsidLrLd as
purt of an indLpLndLni cxaminalion: or
th¢ finan¢icil st4lt¢m¢nt% havc not bccn prcparcd in a¢cordic ncc with thc m¢thods and principlcs of thc
Stat¥incnt ul. RL¢oniincnd¥d Pra¢tiL¥ lor aL¥ountingF dnd rLportinb by Lhariti¢s appli¢abl¢ lo (harilics
pr¥paringv Ih¢ir a¢¢ount% in ac¢ordan¢c with Ihc Financial Rcportin&F Standard applicablc in Ihc UK and
Republic of Ireland IFRS 1021.
I hav¢ no conccrn5 and havc comc across no oihcr mallcrs in connLLlion with the cxaminalion to which
attention bhould bc drawn in this rcport in ordcr lo cnablc a propcr undcrslanding of Ihc financial blalem¢n15 to
b¢ reached.
Davld Howard
I Park Road
Hampton Wick
Kingston Upon Thames
KTI 4AS
Dated.. 2&0512023

THE CHARITABLE FOUNDATION FOR EDUCATIOiY DEVELOPMENT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOML AIYD EXPLNDI"I"URE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
Unrestricted Restricted
funds
funds
2022
2022
Total
2022
2021
Notes
Income from:
Donations and legacies
2.950
23,000
25.950
25.000
enditure on:
L'harit¢iblL' aLtivilies
3,258
48,924
52,182
33,936
Net expenditure for the yearl
Net movement in t'unds
(3081
125,924) {26,232)
18,9361
Fund balanccs al I SeplLinbcr 2021
18321
25,924
25.092
34.028
Fund balanees At 31 August 2022
11,1401
11,140)
25,092
The slalcmcnl of financial activities includcs all b*ains andlosscs rccogbniscd in thc year.
All inLomL und LxpLndilurc dLrivL Irom Lontinuing aciivilics.
The slulLm¥nl i)f finunlial uiliviliL% also complie% with the requirement% for an income and expenditure
4IL¥ounl undLr ihL Conip(IniLs ALI 20116.

THE CHARITABLE *OUNDAI-IOIY TrOR LDuCATIo￿ DLVELOPME&YT
BALANCE SHEET
ASAT31 AUGUST2022
2022
2021
Notes
c.urrent 8s$els
L'Jsh Ji bdnk diid in hand
2,875
25,932
Creditors: •mount$ f4llinR dye withln
ne ve4r
(4,0151
1840)
Net currenE Iliabiliiie8)/asset5
(1,140)
25.092
Income funds
R¥siriLlid fiiiids
Unresiricted tunds
25.924
111.12)
(1,140)
11.140)
25.092
TIIL. CQlllP4iny is Lnliilcd in the excmplion Ir()m the audit rcquiremcnl conlained in Section 477 of Ihe
CtsmpiiniLs ALI ?U06. for IhL yL41r Lndid 31 AuguI412022.
ThL. dir¢¢ior* ￿￿knO￿.7¢d¥L' their r¥sponsibilitlLts lor ¢Dmplyin¥ with Ihc requiTLm¥nlS of thL Cvmpanics A¢1
?IMX) with respect lo accounling record% and (he preparation ol. Iinancial 5taleiiients.
Thc mcnibcrs hakc nol rcqul￿d thc company to obtain an audil of ils financial slalcmcnls lor Ihc ycar in
question in a¢Lorddnc¢ with section 476.
Tliese financidl slalement5 have beeii prepared in llLcordunce with the PTovisiuns applicable lo Lompanies
.4ubjL'LI tu ihe 4m4tll ¢i)iiipanies N'uimc.
2510512023
Th¢ financial .4t&lemenls were approved by the Tru%lee5 on .......................
M Fardday
Trustee
Company reglslratlon number 08687374

THE CHARITABLE FOUNDATION FOR EDUCATIOiY DEVELOPMENT
NOTES TO THE FINANCIAL STATEMEIYTS
FOR THE YEAR ENDED 3] AUGUST 2022
Accounting policies
Charity information
ThL Chdrit<iblc Foundatiun FLir Education DL'vL'lupmL'nt is a privdtc Loinpany limilL'd by gudrdntL
incorporatLd in Lngland aiid WalLs. Thc rL'gislLrLd oifieL is CIO Mat Traraday Thc Long Barn, Cobham
Park Road, Cobhain. Surrcy. KTI13NE, UnitLd KingTdum.
1.1 Accounting convention
The Iiiiaiicial .41alcinLllts have been prepared in accordance with the Charity's Memorandum of
Association, the Coinpclnics Act 2006 ai)d 'Accounling and Rcporling by Charitics.. Sialen)enl of
RcLoinincndLd Prdcticc dppliLciblc to charilics preparing their accounts in aLLordancc with thc Fii)ancial
Rcporling Standdrd dppliLablc in thc UK and Rcpublic ol. IrL.Idnd (FRS 1021" las dmendcd tor
accounting pcriuds LoinincnLingF Irom l January 20191. Thc C'harity 15 d PiibliL Benefit Entity as dctincd
by FRS 102.
Th¢ Charity has tak¢n advantagF¢ of th¢ provisions in the SORP for charities applyins, FRS 102 Update
Bullctin I not to preparc a Siateinent of Ca%h Flows..
Thc Iinancial stat¢mcnts arc prcparcd in stcrling. which 14 th¢ functional CU￿encY of th¢ Charity.
Monctary amounti in thc4¢ lin<inciJl slal¢mcnt% urc round¢d to thc ncarcst £.
Thl findnLidl %lulLininls huvL bLLn prLp%ircd undcr IhL historical cost convcnlion. Thc principal
ULLC)unlinb p()Ii¢iL% dd()pl¢d arL oul bLI()w.
1.2 Golng concern
At lh¥ lim¥ ol. approving thc financial statcm¢nts. thc Trustc¢8 havc a r¢asonablo ¢xpc¢lation that thc
Charity haq ad¢qu<lt¢ r¢40urc¥4 10 ¢i)nlinuc in i)p¥r<ili()nal cxist¢n¢¢ for th¥ l()rL%¥¥abl¥ lutur¢. Thu4 thc
Trustc¢s continu¢ to adopt th¢ gyoing con¢¢rn basis of accountinsF in pr¢paringF th¢ financial stat¢m¢nts.
1.3 Charitable funds
UnrL%lriilLd lund4 arc availablL for Ubc al Ihc di5Lrclion of IhL Tru51Lcs in furthLranLC of Ihlir charilablc
objcclivcs.
Reslricled funds are subject to specific conditions by donors af lo how they may be used. The purposes
and uscs uf thc rcstriLtcd funds arc sct Out in ihc notLS to thc financial 5talcincnls.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
Charity.
1.4 Income
Incomc is rccog¥ni5cd whcn thc Charity is Icgjally cntitlcd to it aftcr dny pcrforniancc condition5 have
been mct, thc amounts can bc mcasured rcliably, and it is probablc that incomc will bc rcccivcd.
Cash donations are rccognised on receipt. Other donations arc rccogFnised once the Charity has been
notificd of the donation. unless pcrtormancc conditions rcquirc dcfcrral ot the amount. Income tax
recoverable in relation to donations rcccivcd undcr Gift Aid or dccds of covcnanl is rccogniscd at the
time of the donation.

THE CHARITABLE FOUNDATION FOR EDUCATIOiY DEVELOPMENT
NOTES TO THE FINANCIAL STATEMEIYTS (CONTIIYUED)
FOR THE YEAR ENDED 3] AUGUST 2022
Accountlng pollcles
(Contlnued)
Lebpacies are rccogJnised on receipt or othcrwi5c if thc Charity has bcen nolificd of an impcnding
dislribulion, the aiiiuunl 15 known, and receipt is expcctcd. If the amount is not known, thc legacy is
trealcd as a conlingcnt asset.
1.5 Expenditure
Income and expenses arc included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as ihe company cannot reclaim it.
Supp()rt Co%1% relulinb> lo a particular fund are alluLated direLily, other% are apportioned on an apprL)priale
bu%14 when appliLdble. The Lharily hd% idLnlifiLd one dirLLI Lhuriiuble aLlivily.
Governance coqis are those incurrcd in conncciion with adminislralion of ihe chariiy and compliance
with con81iiuiional and slaluiory rcquircmcnls.
1.6 Cash and ii)sh i'qulvalLnts
Q'a%li aiid La%li LqUIV£ilL'nt% include cd%h in hand. deposits1)eld at call with banks, uther %hort-tcrm liquid
invL'%lmLnt% with origpindl IndturitiL'% of tlirL'e Inoiitlis ur Icss. and bank ovLrdraft%. Bank ovcrdraft% are
shown within borruwings in eurrenl liabililies.
CrltlcAI accountlng estlmates and Judgements
In the application ol. the Charity's accounting policies, the Trustees are requircd (o make jud&Tcmenis,
c.8timalcs and assui))plions about the carryingJ aiiiouI)l ol. asscts and liabililics thal arc nol rcadily
apparei)t Iroi)) othcr %ourccs. The esliillalcs ai)d a.ssociatcd asSUIIIPlion.% are based on l)islorical
cxpericncc and oihcr laclors that are considered lo be relevant. Actual results may differ froin these
cstima¢es.
The estiinalcs and underlying assumption5 are reviewed on an ongFuingy basis. Revisions lo accounting
estimatcs arc recogTniscd in thc pcriod in whicl) Ihc cslii))alc is reviscd whcrc thc rcvision affccts only
that pcriod. or in Ihc pcriod of Ihc rcvision and tuturc pcriods whcrc tlie rcvision atlccts both currcnt and
futurc pcriods.
Donation5 and leg*eie5
Unrestricte Restricted
Total Restricted
funds
funds
funds
2022
2022
2022
2021
Donations and gifts
2,950
23,000
25,950
25,000

THE CHARITABLE FOUNDATION FOR EDUCATIOiY DEVELOPMENT
NOTES TO THE FINANCIAL STATEMEIYTS (CONTIIYUED)
FOR THE YEAR ENDED 3] AUGUST 2022
Charitable activities
2022
2021
Grants for Education support {see note 5}
48,924
33,000
Share of support eosts
Share ot giovLmancc cosls
96
3,162
96
840
52,182
33,936
An&lysls by fund
UnrcgiriclLd funds
R¢stri¢tcd funds
3,258
48.924
52,182
For the year ended 31 August 2021
Unre%tri¢l¢d funds
Reslricled funds
936
3.1,000
33.936
Grants payable
2022
2021
Grants to institutions..
Raspblrry Pi Foundalic)n
Action for Children
Foui)dation for Educatioi) Developincnl
Academic charities ¢onneLted to the Livingstone Academy
30,000
3.000
48,000
924
48,924
33,000
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from
the Charity during the year.

THE CHARITABLE FOUNDATION FOR EDUCATIOiY DEVELOPMENT
NOTES TO THE FINANCIAL STATEMEIYTS (CONTIIYUED)
FOR THE YEAR ENDED 3] AUGUST 2022
Employee5
The average monthly number of employees during the year was..
2022
Number
2021
Number
Total
There were no eiiiployees whose annual reimuneration was more than £60.000.
Creditors: amounts falllng due wlthln one year
2022
2021
Trade creditors
OihLr Lrcdilors
Ac¢ru(Ils
1.830
13
2,172
840
4.015
840
Restricted funds
The incomc lunds ol. the charity includc rcstrictcd lunds coinpri8ing the following unexpendcd balances
ot'donations and &Frants held on trust lor specific PUryK)ses.'
Movement in funds
Incomlng
R86ource8
Balanc6 at
r•8ource•
•xponded 1 Septemb8r
2021
Movement in (und5
Incomlng
Ro8ource8
rosources
oxpond8d
Balanc8 at
1 September
2020
Balance at
31 Augu•t
2022
Livingston¢
A¢ademies
Foundation
for
Education
Developinenl
33.924
(33.000)
924
(924)
25.000
25.000
23.000
{48.0001
33,924
25,000
(33,0001
25,924
23,000
(48,9241
Restricted funds arise in respect of the establishment of the Livingston¢ Academies and the Foundation
for Education Development.

THE CHARITABLE FOUNDATION FOR EDUCATIOiY DEVELOPMENT
NOTES TO THE FINANCIAL STATEMEIYTS (CONTIIYUED)
FOR THE YEAR ENDED 3] AUGUST 2022
10 Analysis of net a55ets betiveen funds
Unrestricte Restrlcted
d funds
funds
2022
2022
Total
Total
2022
2021
Fund balances at 31 August 2022 arc
rcprcscnlcd by=
Cu￿ent assctsl{liabilitics)
11.140)
{] 140)
25.092
11.140)
(1,140)
25.092
11 Related party trAnsactlons
Th¢r¢ w¢r¢ no disclosablc wlat¢d party transactions durin¥ th¢ ycar12021 non¢).
10-