2023-03-31-accounts - Portsmouth City Council Elementary Education Foundation

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						SORP reference
Summary		ofthe purposes			of		To advance education in Portsmouth				for
the charity			as set out	in its			those	12or under
overnin			document
Summary activities		ofthe main in relation to those				Para 1.17and 1.19	~	the provision Portsmouth		ofa site or sites for an educational	in
purposes		for the public						institution(s)
benefit,	in particular,			the
activities,		projects or					and/or
services		identified in		the
accounts.							~	providing	for	any educational
								institution	in	Portsmouth such
								special benefits ofany kind not
								normally	provided by the LA orthe
								DoE
							and/or
							~	providing	grants or loans towards
								improvements		to any educational
								institution	in	the area ofbenefit	to
								raise the	standard ofeducation		or
								improve	access to education
							and/or
							~	promoting	education by providing
								financial	hei
Statement			confirming			Para 1.18	The Trustees have had regard to the
whether	the trustees			have			guidance issued		by	the Charity
had regard			to the guidance				Commission on		public benefit.
issued by		the Charity
Commission			on public
benefit

Policy on	grant making	grant making	grant making	Para 1.38
				Para 1.38	No further statement
Policy on	social investment
including	program		related
investment
				Para 1.38	No further statement
Contribution		made	by
volunteers
Other					No further statement

chievements and Per	formance
	SORP rafaranra:
		This year the charity has met its objectives to
		the public benefit by the on-going	provision of
Summary ofthe main achievements ofthe charity,	Para 1.20	sites in Portsmouth for education institutions(s).
identifying the difference the
charity's work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.

ou ma choos	e to include fur	ther statement	s where relevant about
			No further statement
Achievements	against	Para 1.41
objectives set
			No further statement
Performance offundraising activities against objectives		Para 1.41
set

			No further statement
Investment	performance	Para 1.41
against objectives
Other			No further statement

Financial Review	Financial Review
Review ofthe charity's			Para 1.21	The Trust had income off56,977and
financial position at	the end			expenditure off109,284 resulting in net
ofthe period				outgoings off52,307 due to necessary works
				to property.
Statement explaining	the		Para 1.22	The cumulative net income from rentals		is
policy for holding reserves				applied to the maintenance programme		ofthe
stating why they are	held			Trusts' property in the first instance and
				thereafter for consideration of grants	relating
				tothe aims ofthe Trust.
Amount ofreserves	held		Para 1.22	f183,425
Reasons for holding	zero		Para 1.22
reserves
Details offund materially		in	Para 1.24
deficit
Explanation ofany			Para 1.23	The Trust are reviewing their options	in	dealing
uncertainties about the				with the current challenges relating to
charity continuing as a going				potential repair &maintenance costs	and
concern				tenant vacancies

ou ma cho	ose to include fur	ther statement	s where relevant about
			No further statement
The charity's principal sources offunds (including		Para 1.47
any fundraising)
			No further statement
Investment policy and objectives including any		Para 1.46
social investment policy
adopted
			No further statement
A description	ofthe principal	Para 1.46
risks facing	the charity
Other			No further statement

Description ofcharity's
trusts:
Type ofgoverning document		Para 1.25	Charity Commission Scheme
trust deed, ro al charter
How is the charity		Para 1.25	Trust Deed dated 2.8.2013
constituted?
(e.g unincorporated
association, CIO
Trustee selection methods		Para 1.25	Trustees are selected from amongst the
including details of any			councillors elected to Portsmouth	City
constitutional provisions	e.g.		Council
election to post or name	of
any person or body entitled
to appoint one or more
trustees
Additional information	(optional)
You ma choose to include further statements			where relevant about:
			No further statement
Policies and procedures
adopted for the induction		Para 1.51
and training oftrustees
			No further statement
The charity's organisational structure and any wider		Para 1.51
network with which the
charity works
			No further statement
Relationship with any		Para 1.51
related parties
Other			No further statement

Charity	name		PORTSMOUTH CITY COUNCIL ELEMENTARY EDUCATION	PORTSMOUTH CITY COUNCIL ELEMENTARY EDUCATION
			FO UN DAT I 0 N
Other name the charity uses			n/a
Re istered charit		number	1171858
Charity's	principal	address	PORTSMOUTH	CITY COUNCIL
			LEGAL SERVICES
			CIVIC OFFICES
			GUILDHALL SQUARE
			PORTS MOUTH
			PO1 2AL

	Trustee name	Office (ifany)	Dates acted Ifnot forwhole ear	Name to a	ofperson (or body) entitled oint trustee ifan	ofperson (or body) entitled oint trustee ifan
	Cllr Ryan Brent	Trustee	25 June 2021	Portsmouth	City	Council
	Mr Terry Robin	Trustee	22 June 2019	Portsmouth	City	Council
	Norton
	Cllr Robert Gerald	Trustee	19May 2019	Portsmouth	City	Council
	Van Cordlandt
	Vernon-Jackson
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Cor orate trustees —names ofthe directors at the date the re ort was a	roved
Director name
Ryan William Brent
Terry Robin Norton
Robert Gerald Van Cordlandt
Vernon-Jackson

Trustee	name	Dates	acted	ifnot	for	whole	ear
n/a

Funds held as custodian	Funds held as custodian	trustees
Description ofthe assets		n/a
held in this capacity
Name and objects ofthe		n/a
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for	n/a
safe custody and
segregation ofsuch assets
from the charity's own
assets

Names an	d addresses ofadv	isers (Optional information)
Type of	Name	Address
adviser
n/a	n/a	n/a
Name of	chief executive or names ofsenior staff members		(Optional	information)

O CHARITY COMMISSION FOR ENGLAND AND WALES	O CHARITY COMMISSION FOR ENGLAND AND WALES	O CHARITY COMMISSION FOR ENGLAND AND WALES	O CHARITY COMMISSION FOR ENGLAND AND WALES	O CHARITY COMMISSION FOR ENGLAND AND WALES		Cl"nly Nu'nu Portsmouth City Council Elementary Receipts and pa	Cl"nly Nu'nu Portsmouth City Council Elementary Receipts and pa	Cl"nly Nu'nu Portsmouth City Council Elementary Receipts and pa	Cl"nly Nu'nu Portsmouth City Council Elementary Receipts and pa	i'Iu (il' any) Education Foundat 1171858 ents accounts	i'Iu (il' any) Education Foundat 1171858 ents accounts	i'Iu (il' any) Education Foundat 1171858 ents accounts	i'Iu (il' any) Education Foundat 1171858 ents accounts			CC&sa
						Forthe period from		I-'nriud	isil iinlc 01/04/2022		To		Furio I snrl i/ol 31/03/2023
	~			~	~	~
						Unrestricted funds		Restricted funds		Endowment funds			Total	funds		Lastyear
						tothe nearest		to the	nearest 6	tothe	nearest	6	tothe nearest 6			tothe nearest 6
A1	Iteoai te
Rental Income snd			Service	Charge					52 308						62 308	26665
Interest income									4,669						4669	330
Grants Returned																9133
Dilapidation Charge																60000
	Sub total (Gross			income for ARJ					56,977						66,977	86,420
A2	Asset and	investment sales
(see table).
				Sub total
			Total receipts				-		e0,977			-			ae,077	e0,420
A3	ants
Building Works snd			charges						e6,814						60,814	ee,eae
NDR Charge									20470						ear470	32009
				Sub total					100,284					109,264		97,775
A4	Asset and	investment
purchases, (see table
				Sub total
			Total Payments				~		109204			~		10e,204		97,775
	Net ofreceipts/(paymentsj								52.307						52,307	11,347
A5	Transfers	between		funds
A6	Cash funds		last year end
	Cash funds this			year end					52,307					52,307		11,347

									~ ~
						Unrestricted		Restricted		Endowment
		Categories			Details	funds			funds	funds
						to nearest	5	to	nearest 5	to nearestE
81 Cash		funds			Cash Funds for year				52,357
					Total cash funds				62,307
					isgrce Ssiscccs wiih rcccipis scd psymccis
					sccucuiiu)i	OK		OK		OK
						Unrestricted		Restricted		Endowment
						funds			funds	funds
					Details	to nearest	t	to	nearest 5	to nearest E
82 Other		monetary assets							52,357
						Fund to which				Current value
					Details	easel balan	s			o anal
83Investment			assets
					Details	Fund to which asset biliori		Cost loptionai)		Current value o erifi
BrfAsseht retained for				the	Fixed Assets				sss,sst
charity's		own	use		Other Assets				75,933
						Fund to which		Amount due		When due
					Details	llaW relates			olml	al
85 Liabilities									522,107
Signed behalf	by one or iwo trustees ofsll the trustees			on	Signature		Print	Name		Date of I
										4iz &
CCXXR2 accounts (SS)						C f3I3~a I		Sf~D3&		~219~'~~234