CHARITY COMMISSION FOR ENGLAND ANO WALES The Choam Foundallon 1177913 Receipts and payments accounts CC16a For the pèrlod from 011D912022 3110812023 To Section A Receipts and payments Unre5trictod funds toth• noare•t Restricied fvnds Endowment funds Total funds La8t yèar to tha near?st£ to tho nèaro81£ toth• no8r•st £ the noarnst £ A1 Rfrcel ts Sub total ross Incom8 for AR) 170.652 170,652 A2 Assot and InvoBtment sal•$, Is8• tablo}. Sub total Total ree•lpts 170,652 170,652 A3Pa ent8 Sub total 166,10$ A4 A¥sgt and Inveslment purcha es, see tabl• Sub total 166,108 166,108 Net of receipts/fpayments) A5 Transfers be￿o&n funds A6 Cash funds last y•ar end Cash funds this year end 4.544 4,$44 149,521 154.065 149,S21 154.065 CCXX R1 accounts ISSI 22105r2024 Section B Statement of assets and liabilities at the end of the period Unrestricte funds to nearest£ Restricted funds Endowment funds Categorl•s Detalls to nbareJt£ to no8rosf £ B1 Cash funds Total cash funds 154,063 lagrnB bal¥rtsa￿￿rBc￿kpts ar￿ paymert¥ ¢ounU61} Unrestrlcted funds to nezrogt t Restrlcted funds to n••rg*tf Endowment funds to near•¥t £ Detalls B2 Othèr monetary assèts Fund to whlch ais•t btrlon Delalls Cobt loptlonall Curr•nt valu• Fund towhlch ••$ét bfrlon Current v•lu• Detthlls ¢o•t loptlon•ll B4 Assets r•talned for thg charlty's own u$9 Fund to whlch rvlat•# Amount du When due Det8lls B5 Llabllltlos zo•a Signed by one or tru51ee$ on behalf ol all the trustees Signature Print Narna Dat8 of Toval CHRISTOPHER EADIE 0110612024 CCXX R2 acwunts ISSI 2210512024 THE CHEI AM FOUNDATION (A Cliaril&blc Imcorporated Orgnnlsntlon) ANNUAL REPORT AND filNANCIAL STATEMENTS ior tlio yethr ended 31 AUGUST 21123 Charity Registration No. 1177913 THE CHEI AM fiOUNDATION YEAR ]INDEI D 31 AUGUST 2023 TRUSTEES AND DIREI CTORS The rnembers of the Board of Tn￿tee5 li8ted below are. for the purposes of cliarity law. Trustees of th¢ FoundatLOn. All T￿st¢¢8, unless otiierwise stated. s¢rved tlwou8hgilt tbe year an￿ at the date of signing this rcport are- Mrs N B¢arnian Mrs E Dawson Mr C Eadi¢ (ChaiTperson) Mrs A May Mr J Moore Mrs T Reeve Mrs A Sugden Mrs C Depla and Mrs F BarrAtt-Campbell both resigned as Trustees in June 2023. Tnjstee meetings are also att¢nd¢d by t]ie following School stsff.. Mrs V Edgington- D¢velopment Director, Cheain Scl)ool Mr W T Pliclps- IIe8dm8si¢r, Cheam SCI￿01 SECREI TARY AI4D OFIPICER OF THEI CHILAM FOUNDATION Victoriu Edgington REGISTEI RED ofFICE Cheam School Fl¢adl¢y Newbury Bcrkshire RG19 8LD PROFJISSIONAL ADVISORS Bankery,. National W¢stsllinster Bank PIC 30 Mark¢¢ Pla¢e N¢wbury, Berkshire. RG14 5AJ Soli¢ilors'. Irwin Mitcliell LLP Mercantile House 18 Loiidon Road Newbury. Berkslhire, RG14 IJX The Trustees of The Cheam Foundation present t]ieir annual report and fthartcial statements for the year ended 31 August 2023 and confirni that they con)ply with the requirements of tile Charities Act 2011, as amended by Charities Act 2011, tlie Charities SORP IFRS 102) and the Constitution of Th¢ Clieam Foundation (Goveming tiocument). THE CHEAM f4OUNDATION YEAR Ef4D£I D 31 AUGUST 2023 BACKGROUND AND CONSTITUTION The Cheam F¢wndation is a charity that exist$ ¢0 support present and futur¢ generations of pupils at Cheam School. It was established in 2018 by Governors. st8ff and parents of Cheam School. The Cheam Foundation was Inco￿}rated on 11 April 2018 as a Charitabl¢ In¢orporat¢d OrganisatÈon registered with the Charity Commission (Registratioii Number 1177913). Atms AND OBJECTIVCI S The Cheam Foundation exists ¢0 CJlSUTe continuing investmcnt in the school's facilities and to provide vital funding for life-changing, m¢ans tested Bursaries for children from low-ineome families. Tlie Chcam Foundation helps tlie school to realise its umbilions and ntsk¢ a real difference for generations to come. All ￿ndS raised are ring fenced and kcpt separate frotn main school finance and The Chexm Foundation acts 0$ a vehicle for collecting, holdinglinvesting and di.%p¢nsing sums donated for the benefit of the school. ORGANISATION AND MANAGEMENT There is an independent body of Trustecs compris¢d of Governors. parenls and past parcnts of the 8¢11001. Th¢ Trustees must hold Ht Ic4$1 3 ineetings pcr year. Cli¢ani School have been delegated responsibility of th¢ operations of'fiic Cl)eam Foundation by thc TNst¢es but are not remunerated by The Cheam Foundation. IUSK MANAGEMENT Tn￿lee5 are aware of their responsibility to rnaiiag¢ risk. SttJte8ies used to ameliorate ond minimise risk are.. Provision of a clear investmeiit strategy. Proper autliorisation of exp¢nditure. AtmU81 audit. ACTIVITIES AND FINANCIAL REVIEW The Cheam Foundation has had a positive year and has made a valued contribution towurds th¢ s¢hool. as well as continuing lo build a long-lasting 21umAi eoinmunity. In addiiion ¢0 tlie gifts and pledges rereiv¢d, tho Clieam I'oundation increased th¢ numbcr of people wlio support its work by ottending evcnts. making individual dortations 2nd making proviyion for tlie Foundation in their Wills. The primory focus during 2022-2023 has been to rnise money for Tlie Ch&im Foundation Bursary Fund, in order to enable more children from low-ii)come Families to Attend the school. The Cheam Foundation also fJnan¢¢d a n¢iv facility in the 5¢hool grouiids called the "Year 8 Retreat" wliioli was Gompleled and its use by ¢urrent pupils in April 2023. During the year gross in¢om¢ was £170,652. During the year, The Clieam Found81ion made grants {from iiicon]e) of £87,461 directly to The Clieam School Education21 Trust, by wuy of paym¢nt for school fees for t]wes Bursary recipient children. Tl)e Cheam Foundation also made a grant (from incomc) of £47,114 dire¢tly to The Cheam School Educatio￿1 Trust to fAnancc tlie build of tl)e new"Y¢ar 8 Retreat" in the school ground5. PLANS FOR THE FUTiJRE The Cheam Foundation plans to continu¢ to rnise ￿llds to provide lif¢-¢han8ing Bursaries for children from low-income back8rouT￿5, as well as fllndraise for Capital Projects, Bs alld when approved by the H¢admaster Ind Governors, which are intended to extend the faciliti&s at th¢ school. THE CHEAM FOUNDATION YEAR Ef4DED 31 AUGUST 2023 RELATED PARTY TRANSACTIONS AND CONNECTED ENTITIES The Cheam Foundation salaries, operational costs and expenses were funded by Ch¢am School. HESERVES The purpose of The Cheam foundation is to support the 8¢hool by raising fimds for capital projects and bursaries as notsd above. Its operational costs. are niet by Cheain S¢liool. In addition to the general discreiionary fund, various sub funds have been set up for specifi¢ proj¢cls, for example The Bursary Fund. In this way the Trustees can make sure thai donaiions are appli¢d for th¢ purpose for which they were donated. STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees arc r¢sponsible for preparing t]ie Trus¢¢'ls Annual Report and the accounts (financial slat¢ments) in accordance with Ac¢ountinu and Reporting by Charities.. Siaiement of Recommcndcd Prdcticc applicable to charitie4 preparing their llccounis in accordan¢¢ witli the FinJnci#l Reporiing Standard for Smaller Entities published on 16 July 2014, the Financial Rcportlnbr Sttlndard for Smaller Entiti&4 IFRSSEI and tl)¢ Charities Act 2011 and UK G¢D¢r¥lly Accepted Practice ay it applies from l January 2015. INDEPENDENT EXAMINATION As The Cheam Foundation had a gr05s income of £170,652 for the year, the charity below the audii threshold Ènd therefore eligibl¢ for independent examination. Approved by th¢ Board of Tn￿te¢S on 21￿1 May 2024 and signed on their behalf by.. MR C EADIE Chairnian of Trustees THE CHEI AM FOUNDATIOf4 YEAJi ENDED 31 AUGUST 2023 RECEI tPTS AND PAYMENTS ACCOUP4TS Ullrestrlcted ri unds Reslricted fund$ Events funds Total funds 2023 Reeelpls: 97,133 73,519 170,652 Sub to141 97,133 73,519 170.652 As$¢t fjiid Invcstmellt Snles: Sub total Total recelpts 97.133 73,519 170,652 P8yment5: Bank char8CS, 8¢hool fees and ¢veni costs Sub totnl 134.601 31,507 166,108 134,601 31,507 166,108 As8et and Investnient Purclinses Sub total TOTAL PAYMfNTS 134.601 31,507 166.108 NET OF RECEIPTSI (PAYMLI P4'IS) Cash futtds last year end £74,695 -37,468 42,012 4,544 £74,826 £149&21 CASH fi UNDS THIS YEAR END £37,227 £110,838 £154,065 THE CHEAM FOUf4DATION YEAR ENDED 31 AUGUST 2023 STATEMENT OF ASSETS & LtABILrriES AT THE END ofi THE PERIOD Unrestrlcted Funds Restri¢ted fullds Endowment fuiids Casli funds at 31 August 2023: Principal Foundation Bank Account bal1￿ce Events Foundation Bank A¢¢ouiit balunGe 37,227 116,838 Tottsl c8$h fund5 154,065 Unrt$tri¢ted Fund5 R¢$ti'lcted funds I ndowmont fund Other Monetfjry Assots: Investment Ass¢t8 Fund io wl)ich Cost s¢t belongs Current value (Qplional) Asset retlllned for th¢ Clinrlty's oivn ii$e Fund to whicli osset belongs Cost Current value {op¢ion41) Llabllltles Fund io which Amount due liability belongs (optionall Cuffent value (optional) CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees The Cheam Foundation On accounts for the year ended 3151 August 2023 Charity no (if any) 1177913 Set out on pagos I r8POrt to the trustees on my examinatlon of the accounts of the above Charity ("the Trust"} for the year ended Responslbilities and basls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requlrements of the Charities Act 2011 I'the Act"). I report in respect of my examlnatlon of the Trust's accounts carrled out under secllon 145 of the 2011 Act and in carrying out my exarninatlon, I have followed all Ihe applicable Directions given by the Charlty Commlssion under sectlon 145(5){b} of Ihe Act. Independent rrhe charity's gross Income exceeded £250,000 and l am qualified to 8xamlnerfs statement undertake the examination by being a qualified member of linsert name of 8pplicable listed bodyll. Delete l ] if not applicable. I have completed my 8xamination. I confirm that no materlal matters have come to my attention In conneclion with the examination (other than that disclosed below '> which glves m8 cause to believe that In, any material resp8Ct: the accounting records w8r8 not kept in accordance wlth sectlon 130 of the Charities Act., or the accounts did not accord wlth the accounting records., or th& accounts did not comply wilh the applicable requirements concerning the fomi and content of accounts set out in the Charltles (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'true and fair, view which is not a matter consldered as part of an independent examination. I havè no concerns and have come across no other matters in ¢onn8¢tion with the examination to which attention should be drawn in this report In order to enable a proper understanding of th8 acGounts to be reached. Please delete the words in Ihe braGkets if they do not apply. Signed.. Date: Name: ROBERT PERKINS Relevant professional qualification{s) or body CHARTERED ACCOUNTANT {ICAS) IER Oct 2018 (if any): Address: SPRINGVALE BREWERY COMMON MORTIMER BERKSHIRE RG7 3JE Section B Disclosure Only complele if the examiner need$ to highlight material matters of GonGern (see CC32, Independent examination of charlty accounts: directlons and guidance for examiners). Give here brief detsils of any items that the examiner wishes to disclose. IER Oct 2018 ||**The Cheam Foundation**
|**The Cheam Foundation**
|**The Cheam Foundation**
|**1177913**|**CC16a**| |---|---|---|---|---|---| ||**For the period**
**from**|9/1/2022|**To**|8/31/2023|| ||||||| |**Section A Receipts and payments**|||||| |**A1 Receipts**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**170,652**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 170,652**
**A3 Payments**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ 166,108**
**-**
**-**
**_Sub total_ -**
**_Total payments_ 166,108**
**_Net of receipts/(payments)_ 4,544**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**149,521**
**_Cash funds this year end_ 154,065**
**Unrestricted**
**funds**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales,**
**(see table).**
**A4 Asset and investment**
**purchases, (see table)**||**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**funds**|**to the nearest £**
**Endowment**
**funds**|**Total funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**170,652**
**-**
**-**
**-**
**170,652**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**166,108**
**-**
**-**
**-**
**166,108**
**4,544**
**-**
**149,521**
**154,065**|**Last year**
**to the nearest £**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**170,652**|**-**| ||||||| ||||**-**|**-**|| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||||| ||||**-**|**170,652**|**-**| ||||||| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**166,108**|**-**| ||||||| ||||**-**|**-**|| ||||**-**|**-**|| ||||**-**|**-**|**-**| ||||||| ||||**-**|**166,108**|**-**| ||||||| |||**-**|**-**|**4,544**|**-**| |||**-**|**-**|**-**|**-**| |||**-**|**-**|**149,521**|**-**| |||**-**|**-**|**154,065**|**-**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
Signed by one or two trustees on
behalf of all the trustees|**Details**
**Details**
**Details**
**Details**
**Details**
Signature
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**154,063**
**-**
Agreement Error
OK
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Print Name
CHRISTOPHER EADIE
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||CHRISTOPHER EADIE|6/1/2024| ||||| ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** ## **Report to the trustees** Charity Name The Cheam Foundation **On accounts for the year** 31[st] August 2023 **Charity no** 1177913 **ended (if any) Set out on pages** 1-6 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **DD / MM / YYYY** . ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** [The charity’s gross income exceeded £250,000 and I am qualified to **examiner's statement** undertake the examination by being a qualified member of [insert name of applicable listed body]]. _Delete_ [ ] _if not applicable._ I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Date:** 14/6/24 **Signed: Name:** ROBERT PERKINS **Relevant professional** CHARTERED ACCOUNTANT (ICAS) **qualification(s) or body** 1 **Oct 2018** **IER** ## **(if any):** **Address:** SPRINGVALE BREWERY COMMON MORTIMER BERKSHIRE RG7 3JE ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 2 **Oct 2018** **IER**