Charity regislfation number.. 1188248
Warwick School Memorial Endowment Fund
Annual Report and Financial Statements
for the Year Ended 31 March 2024

Warwick School Memorial Endowment Fund
Contents (continued)
Reference and Adminislralive Delails
Tiuslees, Report
2103
Statement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
81012

Wanvick School Memorial Endowment Fund
Reference and Administrative Details
Trustees
M L Harwood
J Wwilson
G A Hawkesford
R H Thornton
ARLock
M E Barnwell
Charily Registration Number
1188248
Prlncipal Office
clo Blythe Liggins LLP
Edmund House
Rugby Road
Leaminglon Spa
Warwickshire
CV32 6EL
Independent Examlner
Ballards LLP
Oakmoore Couil
11c Kingswood Road
Hampton Lovett
Droitwich
WR9 OQH
Page 1

Warwick School Memorial Endowment Fund
Trustees, Report
The trustees present the annual report together with the financial statements of the charity for the year
ended 31 March 2024.
ObJectlve$ and actlvltles
Objects and aims
The aim of the organisalion is to support Warwick School. The school head provides
recommendations to the Iruslees with details of projects that the school would like the Charity lo
support. The unconflicled Iruslees then consider which of those projects to SUPPOrt and discuss other
considerations.
Public benelit
The Iruslees confirm that they have complied with the requirements of section 17 of the Charities Act
2011 to have due regard to the public benelit guidan￿ published by the Charity Commission for
England and Wales.
Achievements and performance
The trustees are considering the future of the Charity in the light of significant changes to the
management of the schools governed under the Warwick Schools Foundations IheiefoTe no grants
have been matje during the year.
Financial review
Duiing the year lo 31 March 2024, £195 of interest was received and rental income of £33,600 has
been accrued.
At the end of the year, the endowment funds reserves stood at £323,042
Structure, governance and management
Nature of goveming document
The Charity is governed by a Trust Deed dated 12th September 1946 and was registered with the
Charity Commissioners (No. 11882481 on the 28th February 2020.
The induction process for a new TrLFStee is as follows. A Trustee will meet wlh the new Trustee to
explain all aspects of the Charity and lo provide all relevant information regarding it. The Trustees will
write lo the new Trustee with a copy of the Trust Deed governing the Charity and a copy of the last set
of accounts and Annual Review. The Trustees will also provide all assistance and information
necessary for the new Trustee to become familiar with the activities of the Charity, including guidance
available from the Charity Commission.
Page 2

Warwick School Memorial Endowment Fund
Trustees, Report (continued)
The annual report was approved by the Iruslees of the charity on . .2211125................. and signed on
ils behalf by..
M L Harwood
Trustee
R H Thornton
Trustee
Page 3

Warwick School Memorial Endowment Fund
Statement of Trustees. Responsibilities
The trustees are responsible for preparing the trustees, report and the financial slalemenls in
accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees lo prepare financial statements for each financial
year which give a true and fair view of the slate of affairs of the charily and of the incoming resources
and application of resources of the charity for that period. In preparing these financial slatemenls, the
trustees are required lo..
select suitable accounting policies and then apply them consistently..
obsetve the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
stale whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial stalemenls., and
prepare the financial slalements on the going concern basis unless il is inappropriate to presume
that the charity will continue in business.
The IILJStees are responsible for keeping proper accounting records that disclose with reasonable
accuiacy at any lime the financial position of the Charity and enable them lo ensure that the financial
statements comply with the Charities Act 2011, the Charities {Accounls and Repoilsl Regulations
2008, and the provisions of the conslilulion. The Iruslees 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.
The Iruslees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on
-2211125.........
and signed on its behalf by..
M L Harwood
Trustee
R H Thornton
Trustee
Page 4

Warwick School Memorial Endowment Fund
Independent Examiner's Report to the trustees of Warwick School Ivlemorial
Endowment Fund
I report to the trustees on my examination of the accounts of Warwick School Memorial Endowment
Fund for the year ended 31 Maich 2024.
Responsibilities and basis of report
As the charity trustees of Warwick School Memorial Endowment Fund you are responsible for the
preparation of the accounts in accordance with the requirements of the Chaiilies Act 2011 {'the Act,).
I report in respect of my examination of the Warwick School Memorial Endowment Fund'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 14515llb} of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material mallers have come to my attention in
connection with the examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of Warwick School Memorial Endowment Fund as
required by section 130 of Ihe Act., or
2. the aceounls do not accord with those records,. or
3. the accounts do not comply with the accounting Teouirements concerning the form and content of
accounts sel 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 maller considered as parl
of an independent examination.
I have no conceTns and have come across no other mallers in connection with the examination to
which allenlion should be drawn in this report in order to enable a proper understandin9 of the
accounts lo be reached.
M A Skellum FCA
Ballards LLP
Oakmoore Courl
11 c Kingswood Road
Hampton Lovell
Dro1￿[ch
WR9 OQH
Dale..
2%11125
Page 5

Warwick School Memorial Endowment Fund
Statement of Financial Activities for the Year Ended 31 March 2024
Endowment
funds
Total
2024
Note
Income and Endowments from:
Inve51menl income
33,795
33.795
Total income
33,795
33.795
Expenditure on:
Charitable activities
9,600
9.600
Total expenditure
9,600
9,600
Net income
24,195
24,195
Net movement in funds
24,195
24.195
Reconciliation of funds
Total funds brought forward
298.845
298,845
Total funds carried forward
11
323,040
Endowment
funds
323,040
Total
2023
Note
Income and Endowments from..
Investment income
33,635
33,635
Total income
33.635
33.635
Expendlture on:
Charitable activities
110,180
10,180
Total expenditure
110,180)
110,180
Nel income
23,455
23.455
Net movement in funds
23,455
23,455
Reconciliation of funds
Total funds brought fO￿ard
Total funds carried forward
275,390
298,845
275.390
11
298,845
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 11.
The notes on pages 8 to 12 form an integral parl of these financial slatemenls.
Page 6

Warwick School Memorial Endowment Fund
(Registration number: 11882481
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
Current assets
Debtors
Cash al bank and in hand
151,323
151,323
184,800
151,200
57,666
208,866
231,777
Creditors: Amounts falling due within one year
10
60,060
Net current assets
171,717
147,522
Net assets
323,040
298,845
Funds of the charity:
Endowment funds
323.040
298,845
Total funds
11
323 040
298,845
The financial statements on pages 6 to 12 were approved by the trltslees, and aulhorised for issue on
.2211125........... and signed on their behalf by..
M L Harwood
Tfuslee
R H Thornton
Trustee
The notes on pages 8 to 12 form an integral parl of these financial slalements.
Page 7

Warwick School Memorial Endowment Fund
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Accounting pollcles
statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities
Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011.
Basls of preparation
Warwick School Memorial Endowment Fund meets the definition of a public benefit entity under FRS
102. The accounts Ifinancial slalemenlsl have been prepared under the historical cost convention
with items recognised at cost or transaction value unless otherwise slated in the relevant notelsl to
these accounts.
Going concern
The Iruslees consider that there are no material uncertainties about the charity's ability to continue as
a going concern.
Income and endowments
Investment Income
Interest income is recognised when the amounts are received.
Expendlture
All expenditure is recognised once there is a legal or conslru¢live obligation lo that expenditure, il is
probable selllemenl is required and the amount can be measured reliably. All costs are allocated lo
the applicable expenditure heading that aggregate similar costs to that category.
G¥anls payable are paymenls made to Warwick School in the furtherance of the charitable objects of
the Trust. Single or mulli-year grants are accounted for when either the recipient has a reasonable
expectation that they will receive a grant and the Iruslees have agreed to pay the grant without
condition, or the recipient has a reasonable expectation that they will receive a grant and any
condition altaching to the grant is outside of the control of the Trust.
Irrecoverable VAT is charged against the category of resources expended for which it was inGuffed.
Governance costs
These include the costs allribulable to the charity's compliance with conslilulional and statutory
requirements, including audit. strategic management and Iruslees meetings and reimbursed
expenses.
Page 8

Warwick School Memorial Endowment Fund
Notes to the Financial Ststements for the Year Ended 31 March 2024
(continued)
Taxatlon
The charity is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and IherefoTe il meets the definition of a charitable company for UK corporation lax purposes.
Accordingly. the charity is potentially exempl from laxalion in respect of income or capital gains
received within calegoiies covered by Chapter 3 Parl 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the exlenl that such income or gains are
applied exclusively to charitable purposes.
Tangible fixed assets
Tangible fixed assets are slated al cost (or deemed costl or valuation. Cost includes costs directly
allfibulable to making the asset capable of operating as intended.
Trade debtors
Deblois relate to income accrued and yel to be received.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other shorl-term highly
liquid investments that 2re readily convertible lo a known amount of cash and are subject to an
insignificant risk of change in value.
Trade creditors
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if the does not
have an unconditional right, at the end of the reporting period, lo defer selllement of the creditor for at
least ￿e1ve months aller the reporting dale. If there is an unconditional right lo defer setllemenl for at
least ￿e1ve months after the reporting date, they are presented as non-currenl liabilities.
Trade Creditors are recognised initially at the transaction price.
other creditors relate lo outstanding aulhorised grants.
Fund structure
The charity has a single permanent endowment. The Warwck School Memorial Endowment Fund
provides for the Iruslees lo make grants lo support the education of pupils at Warwick School.
Page 9

Warwick School Ivlemorial Endowment Fund
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued
2 Investment Income
Endowment
funds
Permanent
Total
2024
Total
2023
Interest receivable and similar income..
Interest receivable on bank deposits
Income from rents
195
33,600
33,795
195
33,600
33,795
35
33,600
33,635
3 Expenditure on charitable activities
Endowment
funds
Permanent
Total
2024
Total
2023
Note
Governance costs
9,600
9.600
10,180
4 Analysis ofgovèrnance and support costs
Governance costs
Endowment
funds
Permanent
Total
2024
Total
2023
Independent examiner fees
Examination of the financial statements
Legal fees
1,470
8.130
1,470
8,130
1,345
8,835
9,600
9,600
10,180
5 Trustees remuneratlon and expenses
No Iruslees, nor any persons connected with them, have received any remuneration from the charity
during the year.
6 Taxation
The charity is a regisleied charity and is therefore exempt from tsxalion.
Page 10

Warwick School Memorial Endowment Fund
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
7 Tangible fixed assets
Land and
buildings
Total
Cost
At 1 April 2023
At 31 March 2024
151,323
151.323
151.323
151.323
Depreciation
At 31 March 2024
Net book value
At 31 March 2024
151,323
151,323
At 31 March 2023
151,323
151,323
8 Debtors
2024
2023
Accrued income
184,800
151.200
9 Cash and cash equlvalents
2024
2023
Cash at bank
46.977
57.666
10 Creditors: amounts falling due within one year
2024
2023
Other creditors
Accruals
57.300
2,760
60,060
57,300
4,044
61,344
Page11

Warwick School Memorial Endowment Fund
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
11 Funds
Balance at 1
April 2023
Incoming
resources
Resources
expended
Balance at 31
March 2024
Endowment funds
Permanent
298,845
33.795
9.600
323,040
Balance at 1
April 2022
Incoming
resources
Resources
exponded
Balance at 31
March 2023
Endowment funds
Permanent
275,390
33,635
10,180
298,845
12 Analysis of net assets between funds
Endowment
funds
Permanent
Total funds
at 31 March
2024
Tangible fixed assets
Current assets
Current liabilities
151,323
231,777
60,060
151.323
231,777
60.060
Total nel assets
323,040
323,040
Endowment
funds
Permanent
Total funds
at 31 March
2023
Tangible fixed assets
Current assets
Current liabilities
151,323
208,866
61,344
151,323
208,866
61,344
Total net assets
298,845
298,845
Page 12