Charity number: 1184227
THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
| CONTENTS | |
|---|---|
| Page | |
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 18 |
THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2024
| Trustees | A Carey |
|---|---|
| D Newman | |
| Charity registered number 1184227 Principal office Powe House Portinscale Keswick CA12 5RW Independent examiner Julie Mutton FCA CLA Evelyn Partners Limited 4th floor, Cumberland House 15-17 Cumberland Place Southampton Hampshire SO15 2BG Investment managers Transact 29 Clements Lane London EC4N 7AE |
Page 1
THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together with the financial statements of The Robert Ford Scholarship for Creative Design for the year ended 5 April 2024.
Objectives and activities
a. Policies and objectives
The objectives of the Trust are to help the students of the late Mr R Ford's former school in their education especially those undertaking study of subjects falling under the description of creative design. However, he left it to the discretion of the Trustees that the fund may be used to advance any other educational purpose which is charitable according to the laws of England and Wales for the benefit of the public as the Trustees may in their absolute discretion think fit.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
The Trust intends to provide grants to those students choosing higher education courses in creative design with a view to helping those from disadvantaged backgrounds.
The Trust also intends to provide grants to the school to help fund GCSE students attending extracurricular activities such as school trips both at home and abroad as well as events for the wider community such as concerts and further events held by the school.
The long term aim for the Charity is to pay grants and donations out of its income from investments.
Achievements and performance
a. Main achievements of the Charity
The Charity was established in July 2019 but has yet to engage in any charitable activities, however as detailed below, the Charity now has investments in place to ensure its sustainability and intends to begin those charitable activities in the 2024/25 financial year.
b. Investment policy and performance
The investments made with Transact through the Trust's investment advisors (The Goodman Partnership) continued to make reasonable returns taking account of the economic climate during the year. During the 2023/24 financial year the economic climate improved however the capital value of the Trust’s investments remained fairly static.
The income arising from the Windermere Marina rental property has been consistent with projections and has not been badly affected by outside factors. The only negative is the increase in insurance premiums with a possibility these may suffer from a significant increase in coming years due to increased flooding concerns.
The second rental property started the year with encouraging forward bookings but did suffer from last minute cancellations. There were however some maintenance issues which arose but due to the cancellations were able to be dealt with promptly.
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The trustees aim to maintain free reserves in unrestricted funds at a level deemed necessary to cover approved expenditure for the next 6 months. The trustees consider that this level will provide sufficient funds to ensure that there is cash available to cover support and any other ongoing costs.
As at the period end there were total funds of £1,709,538 (2023: £1,686,665), all of which are unrestricted. This level of reserves is in excess of 6 months approved expenditure due to the investment of legacy income, to ensure the sustainability of the Trust's activities. Free reserves, excluding tangible assets, investments and investment property, are £21,579 (2023: £23,555) which is in line with the day-to-day needs of the Trust. Free reserves is considered to equate to net current assets.
Structure, governance and management
a. Constitution
The Robert Ford Scholarship for Creative Design is a registered charity, number 1184227, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
c. Organisational structure and decision-making policies
The Trust does not actively fundraise and seeks to continue the charitable work desired by the donor through the careful stewardship of its existing resources.
At the half yearly trustees’ meetings, the trustees agree the broad strategy and areas of activity for the Trust, including consideration of grant making, investment, reserves and risk management policies and performance.
d. Policies adopted for the induction and training of Trustees
The Trustees have not undergone any specific additional training as it is felt that they already have the necessary experience and continuing professional development within their occupations.
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
Structure, governance and management (continued)
e. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
The trustees consider variability of investment returns on the Investments with Transact to constitute the charity’s major financial risk and recent extreme volatility in world stock markets due to the recent pandemic has demonstrated this risk. The trustees Investment advisors The Goodman Partnership liaise with them on a regular basis to minimize this risk where possible.
f. Property titles held by Trustees
Both investment properties held by the Charity are held jointly in the names of the Trustees. Neither property can be sold without the agreement of both Trustees.
Plans for future periods
The renovation of the second rental property has been completed and the property started to produce income from its activities in October 2022. The Trust has also received forward bookings for April 2024 onwards and is anticipating a good return in the year ending 5th April 2025 depending on how bookings are affected by the current economic downturn.
Despite the reduced return from investments and the current economic outlook, the Trustees anticipate being in a position to commence making grants during the accounting year ended 5th April 2025 using only sustainable funds. The trustees are keeping this under review due to the reduced returns from investments together with fluctuating rental returns which are susceptible to change due to the cost of living crisis which is curtailing holiday plans for many people.
Long term the trustees are confident that returns from all investments will return to pre-pandemic levels once the current economic instability has improved and confidence returns to the markets leading to a return to lower interest rates and increased consumer spending.
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
| A Carey (Jan 30, 2025 14:36 GMT) A Carey |
|---|
| ................................................... |
| A Carey |
| Trustee |
| Date: 30/01/2025 |
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024
Independent Examiner's Report to the Trustees of The Robert Ford Scholarship for Creative Design ('the Charity')
I report to the trustees on my examination of the financial statements of The Robert Ford Scholarship for Creative Design for the year ended 5 April 2024 which comprise the Statement of financial activities, the Balance sheet and the notes to the financial statements, including a summary of significant accounting policies.
Responsibilities and Basis of Report
As the charity's trustees, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do 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 financial statements 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 financial statements to be reached.
Julie Mutton
Julie Mutton (Jan 31, 2025 08:44 GMT)
Julie Mutton
Fellow of The Institute of Chartered Accountants in England and Wales CLA Evelyn Partners Limited 4th floor, Cumberland House 15-17 Cumberland Place Southampton Hampshire SO15 2BG
Date: 31/01/2025
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024
| Note 3 4 5 6 Income from: Donations and legacies Investments Total income Expenditure on: Raising funds- investment management costs Raising funds - support costs Total expenditure Net expenditure before net gains on investments Net gains on investments Net income before taxation Taxation Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 9,509 61,489 70,998 38,586 33,775 72,361 (1,363) 31,555 30,192 (7,319) 22,873 1,686,665 22,873 1,709,538 |
Total funds 2024 £ 9,509 61,489 70,998 38,586 33,775 72,361 (1,363) 31,555 30,192 (7,319) 22,873 1,686,665 22,873 1,709,538 |
Total funds 2023 £ 2,962 20,294 23,256 19,407 39,995 59,402 (36,146) 79,123 |
|---|---|---|---|
| 42,977 (1,081) 41,896 1,644,769 41,896 1,686,665 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 18 form part of these financial statements.
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
BALANCE SHEET
AS AT 5 APRIL 2024
| Note Fixed assets Tangible assets 9 Investment property 10 Investments 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Total net assets Charity funds Unrestricted funds Total funds |
4,475 26,111 30,586 (9,007) |
2024 £ 14,615 973,578 699,766 1,687,959 21,579 1,709,538 1,709,538 1,709,538 1,709,538 |
- 37,028 37,028 (13,473) |
2023 £ 19,932 978,567 664,611 |
|---|---|---|---|---|
| 1,663,110 23,555 |
||||
| 1,686,665 | ||||
| 1,686,665 | ||||
| 1,686,665 | ||||
| 1,686,665 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
A Carey A Carey (Jan 30, 2025 14:36 GMT)
..............................................
A Carey Trustee
Date: 30/01/2025
The notes on pages 9 to 18 form part of these financial statements.
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
1. General information
The Charity is a registered charity, number 1184227, and is constituted under a Trust deed. The Trustees are named on page 1.
The address of its principal place of business is Powe House, Portinscale, Keswick, CA12 5RW.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The presentational currency of these financial statements is pounds sterling and amounts stated have been rounded to the nearest whole £1.
The Robert Ford Scholarship for Creative Design meets the definition of a public benefit entity under FRS 102. Assets and liabilities are recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. In making this assessment the Trustees have considered the value of the investments held and their ability to generate future income against the expected future charitable activities and associated direct and support costs. Thus they have adopted the going concern basis of accounting in preparing the financial statements.
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
2. Accounting policies (continued)
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Investment income is shown in the Statement of financial activities net of expenditure as follows:
(a) income, expense, net gains or net losses, including changes in the fair value, recognised on financial assets measured at fair value;
(b) total interest income and total interest expense for financial assets or financial liabilities that are not measured at fair value; and
(c) the net invoiced value of rents receivable from investment properties.
Voluntary income is recognised in the Statement of Financial Activities once the charitable company has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
For donations, including those from the trading subsidiary, this is generally upon receipt.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. This includes investment and property management costs.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Support costs are those costs incurred directly in support of expenditure on the objects of the Trust. Governance costs are those incurred in connection with administration of the Trust and compliance with constitutional and statutory requirements. All support costs are currently allocated to fundraising activites however, this will be reviewed once the grant funding activities are underway.
All expenditure is inclusive of irrecoverable VAT.
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
- Accounting policies (continued)
2.5 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of financial activities.
2.6 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the trustees.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
Motor vehicles - 5 years Fixtures and fittings - 5 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of financial activities.
2.8 Investment property
Investment property is carried at fair value determined annually by the trustees. No depreciation is provided. Changes in fair value are recognised in the Statement of financial activities.
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
2. Accounting policies (continued)
2.9 Investments
Investments are initially recognised at their transaction value and subsequently measured at fair value.
Unrealised gains and losses are recognised in the statement of financial activities under gains and losses on investments. Realised gains and losses are the difference between disposal proceeds and carrying value and are recognised in the statement of financial activities under gains and losses on investments.
Investments in subsidiaries are valued at cost less provision for impairment.
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.
2.11 Foreign currency translation
Transactions denominated in foreign currencies are recorded at the average rate during the year.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Gains or losses on investment property are shown against net gains on investments. Movements in cash are included in net expenditure.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the unrestricted fund.
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
- Income from donations and legacies
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Donations | 9,509 | 9,509 | 2,962 |
- Investment income
| Income from investment properties Income from listed investments Interest |
Unrestricted funds 2024 £ 41,760 19,058 671 61,489 |
Total funds 2024 £ 41,760 19,058 671 61,489 |
Total funds 2023 £ 1,668 11,004 7,622 20,294 |
|---|---|---|---|
- Investment management costs
| Property running costs - agents commission Property running costs - rates and utilities Property running costs - insurance Property running costs - cleaning Property running costs - repairs and maintenance Property running costs - travel and subsistence Investment management fees Sundry costs Legal and professional fees |
Unrestricted funds 2024 £ 4,396 6,004 464 2,540 17,452 - 7,158 - 572 38,586 |
Total funds 2024 £ 4,396 6,004 464 2,540 17,452 - 7,158 - 572 38,586 |
Total funds 2023 £ 2,813 3,368 794 1,629 1,522 1,507 7,217 75 482 19,407 |
|---|---|---|---|
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
- Analysis of expenditure by activities
| Raising funds Analysis of support costs |
Support costs 2024 £ 33,775 |
Total funds 2024 £ 33,775 |
Total funds 2023 £ 39,995 |
|---|---|---|---|
| Motor expenses Bookkeeping Depreciation Accountancy fees (governance cost) Loss on foreign exchange Bank charges Independent examiner fees (governance cost) Post and stationery Trustees' insurance (governance cost) Consumables |
Fundraising costs 2024 £ 3,418 18,120 5,317 4,190 61 389 1,800 118 362 - 33,775 |
Total funds 2024 £ 3,418 18,120 5,317 4,190 61 389 1,800 118 362 - 33,775 |
Total funds 2023 £ 2,310 24,315 5,042 6,370 182 108 1,500 116 - 52 39,995 |
|---|---|---|---|
- Trustees' remuneration and expenses
During the year ended 5 April 2024, expenses totalling £973 (2023: £1,643) were reimbursed to Trustees.
During the year ended 5 April 2024, A Carey, a Trustee, was paid £18,120 (2023: £24,315) for professional services, charged at pre-agreed rates.
8. Employees
During the year the charity had no employees (2023 - none).
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
9. Tangible fixed assets
| Cost At 5 April 2023 and at 5 April 2024 Depreciation At 6 April 2023 Charge for the year At 5 April 2024 Net book value At 5 April 2024 At 5 April 2023 10. Investment property Valuation At 6 April 2023 Surplus on revaluation Foreign exchange movement At 5 April 2024 |
Motor vehicles £ 22,400 5,227 4,480 9,707 12,693 17,173 |
Fixtures and fittings £ 4,187 1,428 837 2,265 1,922 2,759 |
Total £ 26,587 |
|---|---|---|---|
| 6,655 5,317 11,972 |
|||
| 14,615 19,932 Freehold investment property £ 978,567 20,000 (24,989) |
|||
| 973,578 |
Investment property was valued on an open market basis at the year end by the Trustees.
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
11. Fixed asset investments
| Cost or valuation At 6 April 2023 Additions at cost Disposals at carrying value Change in value in the year At 5 April 2024 |
Investments in subsidiary companies £ 2 - - - 2 |
Listed investments £ 664,609 156,863 (169,042) 47,334 699,764 |
Total £ 664,611 156,863 (169,042) 47,334 699,766 |
|---|---|---|---|
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
- Fixed asset investments (continued)
The following was a subsidiary undertaking of the Charity:
Name Company Registered office or principal Principal activity Class of Holding number place of business shares RHF Creative Scholars Ltd 13980171 Level 1 Brockbourne House, 77 Management of Ordinary 100% Mount Ephraim, Tunbridge holiday lets Wells, Kent, TN4 8BS The financial results of the subsidiary for the year were: Name Income Expenditure Profit for the Net assets £ £ year £ £ RHF Creative Scholars Ltd 36,825 (27,316) 9,509 2
The financial results of the subsidiary for the year were:
The profit for the year of £9,509 was donated to the charity and is included within donations per note 3.
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THE ROBERT FORD SCHOLARSHIP FOR CREATIVE DESIGN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
12. Debtors
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Amounts owed by group undertakings | 4,475 | - |
- Creditors: Amounts falling due within one year
| Amounts owed to group undertakings Income tax Other creditors Accruals |
2024 £ - 1,269 201 7,537 9,007 |
2023 £ 3,885 - 1,788 7,800 13,473 |
|---|---|---|
- Summary of funds
Summary of funds - current year
| General funds | Balance at 6 April 2023 £ 1,686,665 Balance at 1 April 2022 £ 1,644,769 |
Income £ 70,998 Income £ 23,256 |
Expenditure £ Net gains on investments £ (79,680) 31,555 Expenditure £ Net gains on investments £ (60,483) 79,123 |
Balance at 5 April 2024 £ 1,709,538 Balance at 5 April 2023 £ 1,686,665 |
|---|---|---|---|---|
| Summary of funds - prior year | ||||
| General funds |
Page 18